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K J M Varma Beijing May 10 (PTI) After a brief scare in March when a deficit was registered, Chinas trade balance -- the value of its exports minus its imports -- has once again returned to a growth path, registering a $1.68 billion surplus last month. China''s trade surplus of USD 1.68 billion in April was 87 per cent lower than the figure for the corresponding month of the previous year, the General Administration of Customs (GAC) said today. According to the new figures, China''s exports in April totalled USD 119.92 billion, up 30.5 per cent from a year ago and 6.3 per cent from March, while imports reached USD 118.24 billion, up 49.7 per cent year-on-year. Combining imports and exports, China''s April external trade rose 39.4 per cent year on year to USD 238.16 billion. Taking the first four months together, China''s January-April external trade increased 42.7 percent from a year ago to USD 855.99 billion, Xinhua news agency reported. However, in March, Chinas trade deficit was pegged at $7.24 billion, the first time this has happened since April, 2004. According to GAC figures for the January-April period, the European Union remained China''s largest trading partner, with China-EU bilateral trade topping USD 137.77 billion, up 34.6 per cent from the same period last year. January-April trade between China and the United States, the country''s second largest trading partner, increased 25 per cent year-on-year to USD 107.18 billion. Japan was China''s third largest trading partner in the first four months. January-April trade between China and Japan gained 37.5 percent to $88.66 billion, up 34.6 percent from a year ago. In the first four months, China''s trade deficit with Japan more than doubled to USD 17.72 billion. China also recorded a trade deficit of USD 5.87 billion with ASEAN from January to April, compared with a USD 830 million trade surplus in the same period last year.
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