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China’s export growth weakens to 2020 low as lockdowns bite

China’s exports and imports struggled in April as worsening Covid outbreaks cut demand, undermined production and disrupted logistics in the world’s second-largest economy.

Photo: AFP/Ritzau Scanpix

Export growth in April in dollar terms slowed to 3.9% from a year earlier, compared to an increase in March of 14.7%, customs data showed Monday. That’s the weakest pace since June 2020 but faster than the median estimate of a 2.7% gain in a Bloomberg survey of economists.

Imports were unchanged in April after sliding 0.1% in the previous month. Economists expected a 3% decline.

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