China’s trade balance for June stood at 332.75 billion Chinese yuan compared to 296,000 million the previous month.
Exports increased 20.2% last month versus 29.6% expected and 18.1% previously.
Imports increased 24.2% versus 32.3% expected and 39.5% previously.
In USD terms,
China reported higher-than-expected growth in trade surplusas both imports and exports exceeded estimates.
The trade balance reached +51.5 billion compared to the +44.2 billion expected and +45.53 billion the previous month.
Exports (YoY): + 32.2% versus + 23.1% expected and + 27.9% above.
Imports (YoY): + 36.7% versus + 30.0% expected and + 51.1% above.
Additional comments
- Exports from China to the US in the first half: + 31.7% in yuan terms.
- Agricultural imports from China to the US in the first half: +120.8%.
- Imports from China to the US in the first half: + 43.9% in yuan terms.
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