China: Exports and imports grow at healthy rhythm in May
June 11, 2012
In May, exports grew 15.3% over the same month last year, which was well above the 4.9% rise observed in April and more than doubled market expectations that had shipments expanding 7.1%. Meanwhile, imports added 12.7% in May, after expanding a paltry 0.3% in April. The figure overshot the 5.5% increase expected by the market. As a result, the trade surplus reached USD 18.7 billion in May, up from the USD 13.0 billion recorded in the same month last year. The print came in well above the USD 16.5 billion surplus expected by market analysts and marked the largest surplus in four months.