China Trade Surplus Narrows in June


Chinese trade surplus decreased to USD 31.6 billion in June of 2014 from USD 35.9 billion in May. While imports rebounded from last month's fall, exports rose less than expected.

Exports rose 7.2 percent year-on-year to USD 186.8 billion in June, following a 7 percent increase in the previous month. Sales to the United States increased 7.5 percent, accelerating from a 6.3 percent increase in May. Shipments to the ASEAN countries increased 9.7 percent and those to Japan contracted 0.6 percent. Meanwhile, exports to the European Union slowed slightly (+ 13.1 percent).

Imports grew 5.5 percent year-on-year to USD 155.2 billion, rebounding from a 1.6 percent fall in May, mainly driven by purchases from the ASEAN countries (+12.5 percent), Japan (+6.6 percent), Taiwan (+14.9 percent) and Australia (+4.8 percent).

China Trade Surplus Narrows in June


rida@tradingeconomics.com
7/10/2014 10:26:51 AM