The China customs published trade balance for June in USD terms, reporting a bigger-than-expected trade surplus as imports decline by a big margin.
In USD terms,
Trade Balance (USD) June came in at 41.60B versus 27.60B expected and 24.92B previous.
Exports (YoY) June: +11.3% vs. +10.0% expected and +12.6% last.
Imports (YoY) June: +14.1% vs. +20.8% expected and +26.0% last.
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