China trade balance in July was a surplus of $31.48 billion. Analysts were expecting a surplus of $27.4 billion. Exports increased 20.4% year-over-year to $175.1 billion, while imports rose 22.9% to $143.6 billion. This is China’s largest surplus since January 2009. Due to the fragile state of the global economy, it is unlikely that China will be able to maintain its strong export growth in the coming months.
China trade balance in June was a surplus of $22.3 billion. This is China’s highest surplus in seven months. Imports grew by only 19.3% year-over-year, the slowest pace in 20 months and a sharp drop from the 28.4% increase seen in May. Exports grew by 17.9% to a record high of $162 billion.
China trade balance in May was a surplus of $13.1 billion. This month’s surplus was up 15% from April’s $11.4 billion, but down 33% from May of last year. The narrowing of the trade surplus year-over-year was due to a higher growth in imports than exports. China’s year-over-year import growth in May was 28.4%, up from 21.8% in April, and it’s year-over-year export growth was 19.4%, down from 29.9% in April.
China trade balance in April was a surplus of $11.43 billion. The rise was attributed to a larger growth in exports, which rose 29.9% year-over-year to a record high of $155.69 billion. Imports grew at a slower pace of 21.8%. Trade with the European Union, China’s largest trade partner, and the United States rose 23.5% and 24.8%, respectively.
China’s trade balance in March was a surplus of $140 million. Economists were expecting a trade deficit of $3.35 billion after China posted a $7.3 billion deficit in February. Exports rose 35.8 percent while imports rose 27.3% from a year earlier. China, however, did record a first quarter trade deficit of $1.02 billion, its first since 2004. This was primarily due to rising commodity prices.
