China April exports +32.3% y/y (US dollar terms)

China trade balance data for April 2021, surplus of 276.5bn yuan

Exports

• +32.3% y/y in USD terms
• +22.2% y/y in yuan terms

Imports

• +43.1% y/y in USD terms
• +32.2% y/y in yuan terms

China's exports to the US +49.3% (yuan terms).

Do note that April 2020 was a tough month for China, the COVID-19 outbreak impacting. This has led to very strong y/y figures (base effects). Nevertheless, still great numbers.