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

>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 last month.

>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 with 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.

https://www.cnbc.com/2025/05/09/chinas-exports-jump-us-tariffs-imports-tumble.html