China’s Export Prices Jump as Oil Shock Hits Factory Costs

China’s export prices saw their biggest gain in three years in April as the oil price surge filtered through the goods manufactured in the world’s biggest exporter of goods. Chinese export prices jumped by 5% in April from a year earlier, the largest increase since April 2023, data by China’s General Administration of Customs showed. The increase, largely due to the oil price shock impacting manufacturing inputs and prices, comes after years of low export prices out of China. For years, Beijing has relied on cheaper goods to maintain…