China’s July trade data (USD): Surplus narrows to 28.05bn, misses estimates

Dhwani Mehta FXStreet

The China customs published trade balance for July in USD terms, reporting a surprise contraction in the trade surplus on a massive jump in the country’s imports.

In USD terms,

Trade Balance (USD) July came in at 28.05B versus 39.33B expected and 41.47B previous.

Exports (YoY) July: +12.2% vs. +10.0% expected and +11.2% last.

Imports (YoY) July: +27.3% vs. +16.2% expected and +14.1% last.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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