The recovery in regional goods exports powered ahead in April, rising 38.2 percent year-over-year. While growth was distorted by the timing of the coronavirus outbreak in China last year and boosted by higher export prices, underlying export momentum has remained steady, according to Oxford Economics.
Headwinds to the short-term outlook have risen recently amid global shipping delays and tighter social distancing measures among South Asia and Southeast Asia countries. However, Oxford Economics still expects the improved external environment to support a strong recovery in regional goods exports this year.
Regional goods exports in U.S. dollar terms remained very strong in April, rising 38.2 percent year-over-year from 38.5 percent year-over-year in March due to low base effects and the continued recovery in global demand. In China, goods exports rose 32.3 percent year-over-year following the 49 percent year-over-year growth in the first quarter, which was in part boost
