中国4月铜矿砂及其精矿进口量同比增24%，原油进口增7%，大豆进口减少29%

Core Insights - In April, China's imports decreased by 0.2% year-on-year in USD terms, a significant improvement from the 4.3% decline in March [1][3]. Import and Export Data - The total import and export value in April was 5,352.0 billion, with a cumulative value of 19,693.7 billion for the first four months, reflecting a 2.0% month-on-month increase and a 1.3% year-on-year increase [3]. - Exports totaled 3,156.9 billion in April, with a cumulative value of 11,690.6 billion, showing a 0.6% month-on-month increase and an 8.1% year-on-year increase [3]. - Imports amounted to 2,195.1 billion in April, with a cumulative value of 8,003.1 billion, indicating a 3.9% month-on-month increase but a 0.2% year-on-year decrease [3]. Commodity-Specific Insights - Significant increases in imports were noted for copper ore and its concentrates (24.53% year-on-year) and integrated circuits (7.56% year-on-year) in April [3][4]. - Conversely, imports of soybeans, refined oil, and steel saw substantial declines, with year-on-year decreases of 29.06%, 37.15%, and 20.67%, respectively [3][5]. - In terms of value, April saw copper ore and its concentrates increase by 50.42% year-on-year, while soybeans and refined oil decreased by 37.78% and 38.57%, respectively [6][7]. Cumulative Trends - For the first four months of the year, integrated circuits, copper ore and its concentrates, and crude oil showed year-on-year growth rates of 8%, 7.8%, and 0.5%, respectively [4]. - However, most major commodities experienced declines in both volume and price during this period, with iron ore imports down by 5.5% and crude oil imports up by only 0.5% [8].