China Trade June 2017


China: Trade data continues to strengthen in June

July 12, 2017

Exports rose 11.3% annually in June, coming in above both May’s 8.7% increase and the 8.9% expansion that market analysts had expected. June’s healthy reading signals that global demand remains resilient.

Meanwhile, imports rose 17.2% annually in June, which came in above May’s 14.8% expansion and the 14.5% increase that markets had expected. Import growth accelerated in June, suggesting that domestic demand is holding up.

The trade surplus narrowed from USD 45.2 billion in June 2016 to USD 42.8 billion in June 2017. The 12-month moving sum of the trade surplus decreased from May’s USD 462 billion to USD 460 billion in June, which marked the lowest value since January 2015.

FocusEconomics Consensus Forecast panelists project that growth in merchandise exports will reach 5.3% in 2017, while imports will increase 9.0%, driving the trade balance to a surplus of USD 478 billion. For 2018, the panel expects exports to expand 3.7% and imports to increase 4.1%, while the trade surplus will be USD 489 billion.

Author: Ricard Torné, Lead Economist

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China Trade Chart

China Trade12m June 2017

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: General Administration of Customs of the People’s Republic of China and FocusEconomics calculations.

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