China’s May Trade Balance: Surplus and exports grow, miss estimates

China's Trade Balance for May, in Yuan terms, came in at CNY296 billion versus CNY330.98 expectations and CNY276.5billion last.

The exports surged 39.5% last month vs. 22.2% previous.

Imports rose by 18.1% vs. 32.1% expected and 32.2% prior.

In USD terms,

China reported a less-than-expected growth in the trade surplus, as imports and exports both missed estimates.

Trade Balance came in at +45.53B versus +50.5B expected and +42.85B previous.

Exports (YoY): +27.9% vs. +41.6% exp. and +32.3% prior.

Imports (YoY): +51.1% vs. +51.5% exp. and +43.1% last.

more to come ...