untitled design

May trade balance surplus and exports grow below estimates

China’s trade balance for May, in yuan terms, was 296 billion yuan versus expectations of 330.98 billion yuan and from 276.5 billion yuan the previous month.

Exports increased 39.5% last month versus 22.2% previously.

Imports increased 18.1% versus 32.1% expected and 32.2% previously.

In USD terms, China reported lower-than-expected growth in the trade surplus, since both imports and exports did not meet the estimates.

The trade balance rose to + 45.53 billion dollars compared to the + 50.5 billion expected and the + 42.85 billion of the previous month.

Exports rose + 27.9% year-on-year, compared to the + 41.6% expected and the + 32.3% previously.

Imports rose + 51.1% year-on-year, compared to the + 51.5% expected and the + 43.1% previously.

Additional conclusions

  • Exports from China to the US from January to May: + 38.9% in yuan terms.
  • Imports to China from the US from January to May: + 48.5% in yuan terms.
  • China trade surplus with the US from January to May: 860.51 billion yuan.

.

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular