China April exports suddenly dive, although imports rebound

China April exports suddenly dive, although imports rebound

In April, China's exports suddenly headed south, although imports shocked with their first rally for five months, providing rather a mixed picture of the Chinese economy because the US government ramped up pressure on China with threats of more punishing levies.

The latest trade data that would normally be pored over for prompts on how the world's number two economy is getting on, has been overshadowed by fears that the US-China trade conflict is escalating, rather than approaching a resolution as many market participants had hoped for.

High-level Chinese as well as American negotiators are going to meet in the US capital in the next two days, as the Chinese cabinet is eager to dodge a steep rally in levies on its goods ordered by US leader to come into effect from Friday.

Market participants have been expecting China's April trade data to contribute to indications that the Chinese economy is starting to stabilize, thus soothing fears about decelerating global surge.

However, Chinese exports headed south by 2.7% from 2018, as customs data revealed on Wednesday.

According to ANZ estimate, over 80% of the headline tumble occurred because of a steep tumble in shipments to America, while its high-tech exports were still suppressed by sluggish global demand for smartphones as well as other electronic gadgets.

Market experts had hoped surge would decrease to 2.3% following March's surprising 14.2% rally that some experts suspected was driven by seasonal factors as well as temporary business distortions having to do with a cut in the value-added tax effective on April 1.

Nevertheless, imports managed to beat expectations, soaring by 4% year-on-year, surpassing experts’ estimates for a 3.6% decrease as well as March's 7.6% tumble.

Similar

USD is heading for the best week in three
USD is heading for the best week in three

The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.

Key market news and trade ideas on March 25
Key market news and trade ideas on March 25

Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher. 

Latest news

All eyes on US retail sales
All eyes on US retail sales

US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera