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mahatmakanejeeves

(64,640 posts)
Sat May 10, 2025, 08:09 AM Saturday

China's exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade

CHINA ECONOMY
China’s exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade

PUBLISHED THU, MAY 8 2025 11:16 PM EDT
UPDATED FRI, MAY 9 2025 2:38 AM EDT
Anniek Bao
@ANNIEKBYX
@IN/ANNIEK-BAO-460A48107/

KEY POINTS
• Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by China's customs authority on Friday, sharply beating Reuters' poll estimates of a 1.9% rise.
• China's outbound shipments to the U.S. plunged over 21% in April year on year, while imports dropped nearly 14%, official data showed.


A China Shipping cargo container sits stacked at the Port of Long Beach in Long Beach, California on April 10, 2025.
Patrick T. Fallon | Afp | Getty Images

China's exports surged in April on the back of a jump in shipments to Southeast Asian countries, offsetting a sharp drop in outbound goods to the U.S. as prohibitive tariffs kicked in.

Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by customs authority on Friday, sharply beating Reuters' poll estimates of a 1.9% rise.

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China's exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade (Original Post) mahatmakanejeeves Saturday OP
The article I read gab13by13 Saturday #1
Beats me. There's got to be some fine print involved. mahatmakanejeeves Saturday #2

gab13by13

(28,088 posts)
1. The article I read
Sat May 10, 2025, 08:21 AM
Saturday

said that China's exports were down 20% which was 8.1% better than anticipated.

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