China’s exports rose 8.1% year-on-year in April 2025, far exceeding economists’ 2% forecast, following a 12.4% surge in March as exporters rushed to ship goods before new U.S. tariffs took effect. Imports in April slipped just 0.2% from a year earlier, a much smaller decline than the expected 5.9% drop, and an improvement from March’s 4.3% fall. The trade surplus for April was $96 billion, reflecting strong exports and a modest import decline, though slightly below March’s $102.64 billion, which had been boosted by pre-tariff front-loading
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