China’s trade surplus (USD) unexpectedly narrows in May

Dhwani Mehta FXStreet

The China customs published trade balance for May in USD terms, reporting an unexpected decrease in trade surplus while both exports and imports beat estimates.

In USD terms,

Trade Balance (USD) May came in at 24.92B versus 31.9B expected and 28.8B previous.

Exports (YoY) May: +12.6% vs. +10.0% expected and +12.9% last.

Imports (YoY) May: +20.6% vs. +18.7% expected and +21.5% last.

For January-May, China’s trade surplus with the US was $104.85 billion.

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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