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May 7, 2021, 12:11 a.m. EDT

China's exports, imports grew faster in April

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By MarketWatch

BEIJING--China's exports and imports grew faster than expected in April, official data showed Friday, as global demand stayed strong while commodity prices remained high.

Outbound shipments in April rose 32.3% from a year earlier, up from a 30.6% increase in March, the General Administration of Customs said. The result was much higher than the 21.0% growth expected by economists polled by The Wall Street Journal.

Exports in April rose 9.5% from March, data from the customs bureau showed.

China's imports last month surged 43.1% from a year earlier, up from the 38.1% growth in March and beat economists' expectations of a 40% growth. Economists had expected soaring commodity prices to lift China's imports.

Compared with March, imports were down 2.8%, said the bureau.

That made China's trade surplus at $42.85 billion in April, up from $13.8 billion in March and the $28.2 billion anticipated by economists.

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