China’s May trade data (USD): Exports & imports beat estimates

Following the release of China’s trade balance for May, in Yuan terms, the China customs published the data in USD terms, reporting a wider trade surplus, with both exports and imports showing an increase last month.

In USD terms,

Trade Balance (USD) May came in at 40.81B surplus versus 47.8B exp and 38.03B previous.

Exports (YoY) May: +8.7% (est. +7.2% and 8.0% last)

 Imports (YoY) May: +14.8% (est. +8.3% and 11.9% last)