FX.co ★ China's Exports Reverse Course, Showing Positive Growth in April 2024

In a surprising turn of events, China's exports saw a significant upturn in April 2024 after a decline in the previous month. According to the latest data updated on May 9, 2024, the previous indicator for March 2024 had dropped to -7.5%. However, the most recent report for April 2024 revealed a positive growth rate of 1.5%.

This change marks a notable shift in China's export performance, signaling a potential rebound in global trade activity. The comparison, done on a year-over-year basis, highlights the improvement from the previous year for the same period. As one of the world's largest exporters, China's export numbers hold significant weight in the global economy, making this turnaround a point of interest for investors and economists alike. The positive trajectory in April suggests a hopeful outlook for China's trade sector moving forward.