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.