China: Trade surplus widened to $40.81b in May - TDS

China’s trade surplus widened to $40.81b in May from April’s $38.05b, falling short of market consensus expecting a higher surplus of $47.8b, explains the research team at TDS.

Key Quotes

“Exports rose +8.7%/yr to $191.03b while Imports rose by a larger magnitude +14.8%/yr to $150.22b. By country, China’s trade deficit with Australia narrowed from $5.5b to $4.35b while its trade deficit with New Zealand increased from $0.35b to $0.38b.”