China’s June Trade Balance: Surplus widens sharply amid strong exports

China's Trade Balance for June, in Chinese Yuan (CNY) terms, arrives at CNY859.05 billion, widening from the previous figure of CNY723.98 billion.

Exports surge 20.8% year-over-year (YoY) in June from a 13.8% increase seen in May. The country’s imports surge 29.4% YoY in the same period vs. 21.5% recorded previously.

In US Dollar (USD) terms, China’s Trade Surplus rise more than expected in June. Trade Balance arrived at +125.62B versus +121B expected and +105.43B prior.

Exports (YoY): 27% vs. 18.2% expected and 19.4% last.

Imports (YoY): 36% vs. 24% expected and 27.4% previous.

Market reaction to China’s Trade Balance

The Australian Dollar (AUD) faces slight selling pressure following China's Trade Balance data release. As of writing, AUD/USD trades flat at around 0.6922. The pair has been consolidating since opening.