Despite the strong fall in trade with the United States, China demonstrates export resilience by redirecting its trade towards Asia, Latin America and Africa, although geopolitical tensions continue to limit a sustained rebound.
China accelerates global exports, but trade with the US. Keep in decline.
Argentine news
Exports of China They grew by 8.1% year -on -year in April, far exceeding the expectations of analysts, which projected an increase close to 2%. The fact, informed this Friday by the Government, shows that the Asian giant maintains a solid commercial dynamism, to Despite the marking setback in sales to the United Stateswhich collapsed more than 20% in the same period.
In contrast to the export rebound, imports registered a slight fall of 0.2% compared to the previous year, which reflects a internal demand still contained.
The announcement occurred at the prelude to a key meeting between US and Chinese authorities in Geneva, where the United States Secretary of the Treasury, Scott Besent, It will meet with the main Chinese commercial negotiator, He Lifeng. The summit could mark a turning point in the stagnant negotiations on tariffs imposed by the Trump administration, some of which reach 145%.
Even so, analysts warn that the deep strategic differences between both powers limit the possibility of substantial advances. According to Zichun Huang, of Capital Economics, it is possible that some punitive tariffs – including those of 125% applied by Beijing as reprisals – are partially eliminated, but a total reversion seems unlikely. “This leaves Chinese exports to the United States exposed to new falls in the coming months, which will not necessarily be compensated for greater shipments to other markets,” Huang said.
Commercial surplus
China’s commercial surplus with the United States was reduced to $ 20.5 billion in April, compared to 27.2 billion registered a year earlier. In the first four months of the year, Chinese exports to that country fell 2.5%, while imports from the US receded 4.7%.
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However, the strength of Chinese trade with other regions has cushioned the impact of bilateral tension. Exports to Latin America and Southeast Asia grew by 11.5% each, while shipments to India rose 16% and those destined for Africa increased by 15%. In particular, exports to Vietnam and Thailand recorded notable increases of 18% and 20%, respectively, driven by the regional redesign of supply chains.
Compared to the previous month, exports grew just 0.6%, while imports recounted 4%, which suggests a moderate recovery of Chinese trade after an irregular year start.
Source: Ambito
