News Room - Business/Economics

Posted on 10 Jul 2014

China June exports up 7.2%, imports up 5.5%

China's exports rose 7.2% in June from a year earlier, while imports rose 5.5%, leaving the country with a trade surplus of US$31.6bil for the month, the Customs Administration said on Thursday.

 

That compared with market expectations in a Reuters poll of a 10.6% rise in exports, a 5.8% increase in imports and a trade surplus of US$35bil.

 

China's exports have been sluggish for much of this year but recently began showing signs of life thanks to firmer global demand. Imports also have been weak, highlighting sluggish domestic demand, but recent data has pointed to signs of stabilisation in the world's second largest economy.