China: Trade data improve in June
July 13, 2015
In June, exports rose 2.8% over the same month last year, which contrasted the 2.9% decline tallied in May. June’s expansion exceeded the 1.0% increase that market analysts had expected. Imports fell 6.1% annually in June, which was above the 17.6% decline tallied in May. Although the print was much better than the 15.5% drop that market analysts had expected, it represented the eighth consecutive contraction.
As a result, the trade surplus widened to USD 46.5 billion in June (May: USD 58.9 billion) from USD 31.9 billion in the same month last year. The 12-month moving sum of the trade surplus rose from USD 527 billion in May to USD 541 billion in June, which marks yet again an all-time high.