China’s June Trade Balance: Surplus widens sharply amid strong exports
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China's Trade Balance for June, in Chinese Yuan (CNY) terms, arrived at CNY859.05 billion, widen from the previous figure of CNY723.98 billion.
Exports surge 20.8% year-over-year (YoY) in June from a 13.8% increase seen in May. The country’s imports surge 29.4% YoY in the same period vs. 21.5% recorded previously.
In US Dollar (USD) terms, China’s Trade Surplus rise more than expected in June.
Trade Balance arrived at +125.62B versus +121B expected and +105.43B prior.
Exports (YoY): 27% vs. 18.2% expected and 19.4% last.
Imports (YoY): 36% vs. 24% expected and 27.4% previous.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
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