China’s Exports rise 7.2% YoY in June, Imports increase 2.3% YoY

Lallalit Srijandorn FXStreet

China's Trade Balance for June, in Chinese Yuan (CNY) terms, arrived at CNY585.96 billion, narrowing from the previous figure of CNY743.56 billion.

China's Exports rose 7.2% YoY in June vs. 6.3% in April. The country’s imports increased 2.3% YoY in the same period vs. -2.1% recorded previously.

In US Dollar (USD) terms, China’s trade surplus expanded more than expected in June.

Trade Balance arrived at +114.77B versus +109B expected and +103.22B prior.

Exports (YoY): 5.8% vs. 5% expected and 4.8% last.

Imports (YoY): 1.1% vs. 1.3% expected and -3.4% previous.

A Chinese customs spokesperson said that the country’s "Exports will continue to forge ahead in the next stage despite challenges." He also added that "the US-China trade has recently shown signs of recovery."

Market reaction

At the time of writing, the AUD/USD pair is trading 0.26% lower on the day to trade at 0.6563.

Australian Dollar PRICE Today

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Euro.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.07%	0.11%	0.04%	-0.04%	0.03%	0.27%	-0.05%
EUR	0.07%		0.15%	0.10%	0.01%	0.07%	0.33%	0.00%
GBP	-0.11%	-0.15%		-0.08%	-0.14%	-0.08%	0.18%	-0.01%
JPY	-0.04%	-0.10%	0.08%		0.05%	-0.00%	0.30%	-0.03%
CAD	0.04%	-0.01%	0.14%	-0.05%		0.06%	0.32%	-0.01%
AUD	-0.03%	-0.07%	0.08%	0.00%	-0.06%		0.23%	-0.07%
NZD	-0.27%	-0.33%	-0.18%	-0.30%	-0.32%	-0.23%		-0.32%
CHF	0.05%	-0.00%	0.01%	0.03%	0.00%	0.07%	0.32%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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