China Balança Comercial

China's trade surplus jumped to USD 96.18 billion in April 2025, up from USD 72.04 billion in the same period a year earlier, and exceeded market expectations of USD 89 billion. The sharp increase was largely driven by an 8.1% year-on-year rise in exports, well above market forecasts of a 1.9% gain, despite easing from a 12.4% surge in March, as shipments to the US were dampened by Trump's tariffs. Meanwhile, imports fell by 0.2%, softer than market expectations of a 5.9% decline, following a 4.3% drop in March. The trade surplus with the US narrowed to USD 20.46 billion in April from USD 27.58 billion in March as exports plunged 21% yoy while imports fell 13.8%. For the first four months of the year, the country posted a USD 368.8 billion surplus. During the period, the trade surplus with the US reached USD 97.07 billion, with exports and imports shrinking 2.5% and 4.7%, respectively.