China’s June trade data (USD): Surplus expands as imports drop to 14.1%

The China customs published trade balance for June in USD terms, reporting a bigger-than-expected trade surplus as imports decline by a big margin.  

In USD terms,

Trade Balance (USD) June came in at 41.60B versus 27.60B expected and 24.92B previous.

Exports (YoY) June:  +11.3% vs. +10.0% expected and +12.6% last.

Imports (YoY) June:  +14.1% vs. +20.8% expected and +26.0% last.