In Yuan terms, China’s June trade balance was CNY332.75 billion, up from CNY296 billion the previous month.
Last month, exports increased by 20.2 percent, compared to 29.6 percent predicted and 18.1 percent the month before.
Imports increased by 24.2 percent, compared to 32.3 percent predicted and 39.5 percent in the previous quarter.
In US dollars, China’s trade surplus grew faster than projected, as imports and exports both exceeded expectations.
The Trade Balance came in at +51.5 billion, compared to +44.2 billion projected and +45.53 billion previously.
Exports (YoY): +32.2 percent, up from +23.1 percent last year and +27.9% the year before.
Imports (YoY): +36.7 percent, compared to +30.0 percent last year and +51.1 percent the year before.
In yuan terms, China’s H1 exports to the US increased by 31.7 percent.
H1 agricultural imports from the United States increased by 120.8 percent in China.
In yuan terms, China’s H1 imports from the US increased by 43.9 percent.
The AUD/USD currency pair is ignoring conflicting Chinese trade data and is now trading at weekly highs of 0.7502, up 0.35 percent on the day./n
