June surplus exceeds forecasts but falls short of May’s $125.62 billion as exports and imports growth slows.
China’s trade surplus reached $112.5 billion in June, surpassing the $107.0 billion estimate but declining from May’s $125.62 billion. The data reflects a moderation in trade activity as global demand shifts.
Exports rose 23% year-over-year in July, down from June’s 27% gain, while imports increased 27.5% compared to 36% previously. The slowdown suggests cooling momentum in both domestic and external demand.
The surplus expansion may ease concerns over China’s economic resilience but signals potential headwinds for growth in the second half of the year.