China’s Trade Balance: Surplus widens in May as Imports shrink

China's Trade Balance for May, in Chinese Yuan (CNY) terms, arrived at CNY743.56 billion, expanding from the previous figure of CNY689.99 billion.

Exports rose 6.3% YoY in May vs. 9.3% in April. The country’s imports dropped 2.1% YoY in the same period vs. 0.8% recorded previously.

In US Dollar (USD) terms, China’s trade surplus grew more than expected in May.

Trade Balance arrived at +103.22B versus +101.3B expected and +96.18B prior.

Exports (YoY): 4.8% vs. 5% expected and 8.1% last.

Imports (YoY): -3.4% vs. -0.9% expected and -0.2% previous.