China’s June Trade Balance: Surplus widens amid exports slump

China's Trade Balance for June, in Chinese Yuan terms, came in at CNY491.25 billion versus CNY452.33 billion last.

Exports plunged 8.3% in the reported period vs. -0.8% previous.

The country’s imports fell 2.6% vs. 2.3% prior.

In US Dollar terms, China’s trade surplus widened less than expected in June, as exports slumped.

Trade Balance came in at +70.62B versus +74.80B expected and +65.81B previous.

Exports (YoY): -12.4% vs. -9.5% exp. and -7.5% prior.

Imports (YoY): -6.8% vs. -4.0% exp. and -4.5% last.