China Customs is drip feeding the trade data out.
January -June (ie YTD), in US dollar terms:
- trade surplus $435 billion
- exports +3.6% y/y
- imports +2.0% y/y
In Yuan terms:
- trade surplus 3.1 trillion yuan
- exports +6.9% y/y
- imports +5.2% y/y
June only month data, USD terms:
- trade balance USD 99.05bn
- imports -2.3% y/y
- exports +8.6% y/y
Exports, imports
China's imports unexpectedly dropped. Exports Beat.
