Suspicions Linger as April Exports Surprise Analysts

Mainland exports and imports are likely to improve further due to recovering demand from Europe and the US, but the extent of the rebound remains uncertain, with analysts having a tough time making accurate predictions about the trade situation.

Export and imports both unexpectedly slumped in March thanks to a high comparison base caused by rampant over-invoicing a year earlier. But exports gained 0.9% year on year in April to USD188.5B, reversing a 6.6% decline in March and an 18% fall in February, the customs administration said yesterday. The result beat market expectations of a decline in exports of about 3%. Imports climbed 0.8% year on year last month, helped by robust demand for commodities including crude oil and copper, after falling 11.3% in March.

~ SCMP, May 10, 2014 ~

Cargo Service Far East Ltd. © 2024 Cargo Services Far East Ltd.