China’s exports grew 14.1% in April compared to April last year, and 2.5% growth in March. Economists had expected exports to expand by 7.9%.
China’s exports continued to gather pace in April, shrugging off U.S. tariffs. The country’s factories have ramped up production to meet a surge in overseas orders. Purchases have grown significantly from companies wanting to stockpile components in case of shortages or price increases due to the war in Iran.
Chinese exports have also weathered the effects of the Iran war exceptionally well. Economists, however, warn that if the war continues and energy prices remain high, international demand for Chinese goods may suffer. Domestic demand may also decline.
According to separate factory activity data for April, new orders reached their highest level since 2023. Imports also grew strongly in April, increasing by 25.3%, compared to 27.8% growth in March.
Trade Surplus
China’s trade surplus for April 2026 came in at $84.8 billion, which was a considerable increase compared to $51.13 billion in March 2026.
The country’s GDP grew by 5%, year-on-year, in March, which was at the top of the government’s target. This healthy figure reduced the need for an immediate stimulus.
China, along with most other countries across the world, is being hit by rising fuel prices and transport costs. Factory data points to elevated input prices, especially for chemicals, coal, petroleum, and refined goods. Most likely, consumers’ purchasing power has suffered.
The number of people unemployed in China has continued to increase, while retail sales have underperformed, according to official figures.
Trump Visits China
US President Donald Trump is visiting Chinese President Xi Jinping in China this week. While some people hope that together, they might be able to stabilise the world economy and push for economic growth, little is expected in terms of a breakthrough by most analysts and heads of state.
