China’s June trade data (USD): Imports report bigger-than-expected drop

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The China customs published trade balance for June in USD terms, reporting a bigger-than-expected increase in the trade surplus, as imports fall more-than-expected.

In USD terms,

Trade Balance (USD) June came in at +50.98B versus +44.65B expected and +41.65B previous.

Exports (YoY) June: -1.3% vs. +1.1% last.

Imports (YoY) June: -7.5% vs. -8.5% last.

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