China’s June Trade data (USD): Surplus shrinks amid surprise jump in exports and imports

The China customs published Trade Balance for June in USD terms, reporting a smaller-than-expected increase in the trade surplus despite an unexpected jump in the imports and exports.

In USD terms,

Trade Balance (USD) came in at +46.42B versus +58.6B expected and +62.93B previous.

Exports (YoY): +0.5% vs.-1.5% exp. and -3.3% last.

Imports (YoY): +2.7% vs.-10.0% exp. and -16.7% last.