July 12, 2024 01:55 GMT
MNI BRIEF: China H1 Exports Up 3.6%, Surplus USD435 Billion
MNI (Singapore)
(MNI) Beijing
China's exports continue to grow in June
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China's exports rose 8.6% y/y in June, beating the 8.0% market consensus and accelerating from May’s 7.6%, with H1 expansion totalling 3.6%, data released by Customs on Friday showed.
China’s foreign trade grew 7.4% in Q2, 2.5 and 5.7 pp higher than Q1 and Q4 respectively, showing the consolidation of trade momentum, Customs said.
Imports fell by 2.3% y/y, versus May’s 1.8%. Imports increased 2.0% y/y in H1, slowing from 2.9% over the Jan-May period.
China’s H1 trade surplus hit USD434.99 billion, with June contributing USD99.1 billion
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