China’s exports recorded a larger-than-expected acceleration in June, as exporters took advantage of a 90-day tariff truce with the United States to speed up their shipments.
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The world’s top merchandise exporter saw its outbound shipments rise by 5.8 per cent year on year to reach US$325.2 billion last month, according to customs data released on Monday.
The figure follows a reported 4.8 per cent rise in May and eclipses the 3.6 per cent increase forecast in a market survey from Chinese financial data provider Wind.
The country’s imports, meanwhile, rose by 1.1 per cent year on year last month, marking a substantial uptick from the 3.4 per cent decline recorded in May. A poll, also by Wind, had predicted a 0.58 per cent drop in June.
That led China’s trade surplus to rise to nearly US$114.8 billion for the month.
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