China’s June trade balance (CNY): Surplus expands to 261.90 bn, a big beat

China's trade balance for June, in Yuan terms, came in at CNY 261.90bn versus CNY 165.61bn expected and CNY 156.51bn last. Exports came at +3.1% y/y vs +7.1% expected and +3.2% last, while imports were +6.0% y/y vs +10.5% expected and +15.6% last.      

Analysts at Barclays expected, “export growth to moderate to single digits in June, given the contraction in PMI new export orders index amid escalating trade tensions. We expect import growth to remain solid at c.20 (% y/y) despite some moderation.”

Key Notes:

China’s June imports to US ports rose more-than-expected amid tariff threat

China's Yuan-denominated trade surplus fell by 26.7 percent in H1

China’s June imports to US ports rose more-than-expected amid tariff threat


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.