China June exports unexpectedly rise 0.5pct year-on-year, imports up 2.7pct

15-Jul-2020 Intellasia | Reuters | 6:02 AM Print This Post

China’s exports in June unexpectedly rose 0.5 percent from a year earlier, and imports increased 2.7%, customs data showed on Tuesday.

Analysts in a Reuters poll had forecast exports would fall 1.5 percent from a year earlier after a 3.3 percent drop in May.

Imports were estimated to have contracted 10.0%, versus a decline of 16.7 percent in May.

China posted a trade surplus of $46.42 billion last month, compared with the poll’s forecast for a $58.60 billion surplus and $62.93 billion surplus in May.


Category: China

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