Chinas Exports and Imports Set Records in April Amid High Energy Costs

China’s exports and imports each set monthly records in April, further cementing the country as the world’s leading trading nation as Beijing prepares to welcome President Trump for a summit next week with Xi Jinping, China’s leader.China also ran a trade surplus — the excess of exports over imports — of $84.8 billion last month, according to data released on Saturday by the General Administration of Customs.However, that surplus did not set a record.

The war in Iran and closure of the Strait of Hormuz pushed up the cost of imported oil and natural gas, causing China’s overall imports to increase slightly faster than exports.The surplus in April keeps China on track for a third year of roughly trillion-dollar trade surpluses.China posted a $1.19 trillion trade surplus last year, easily breaking the world record of $992 billion that it had set the year before.Mr.

Trump is expected to press Mr.Xi to buy more American goods during their scheduled summit, part of his long-running effort to narrow China’s longtime trade surplus with the United States.

But two recent court decisions overturning Mr.Trump’s tariffs on imports have eroded some of his leverage.China’s exports to the United States jumped 11.3 percent last month compared to its shipments in April of last year, when President Trump’s “Liberation Day” tariffs produced a slump in imports from China.The country’s imports from the United States rose only 9 percent in April this year.

As a result, its trade surplus with the United States widened by 13 percent.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe....