June trade data shows China’s exports surged 27% year-over-year, exceeding the 18.2% consensus estimate as AI-related demand strengthened.
China’s exports grew 27% year-over-year in June, accelerating from prior months and surpassing the 18.2% forecast. The surge was driven by strong demand for AI-related products and electronics, according to trade data released today.
Analysts had expected a slower pace of growth after May’s figures, but June’s print reflected resilient global tech demand. Imports also rose, though at a more moderate pace, signaling steady domestic consumption.
The data reinforced expectations that China’s economic recovery remains uneven, with external demand offsetting softer domestic activity. Markets are watching for further signals on monetary policy amid mixed growth indicators.