2017.05.0801:52:00UTC+00China’s April Trade Data Misses Estimates

China's exports and imports failed to hit projections in April, as local and international demand weakened and commodity prices declined.

Official government data showed exports rose 8.0 percent on-year in April while imports advanced at an annual rate of 11.9 percent during the period. China's trade surplus registered at $38.05 billion in April.

Analysts projected China's shipments to increase by 10.4 percent. In March, exports rose by 16.4 percent. They also expected China's trade surplus to widen to $35.50 billion in April from the preceding month's $23.93 billion.

Shipments to the U.S. increased 11.7 percent on-year in April, while imports from the U.S. grew 1.5 percent. China's trade deficit with the U.S. has drawn criticism from U.S. President Trump.

The country's trade activity is anticipated to steady and improve in the short-term, China's Ministry of Commerce stated last week in its quarterly projections on trends in the country's international trade. The commerce report added that foreign trade is anticipated to face lesser headwinds in 2017 compared with the last two years.

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