China's international trade sees another strong month in June

Industry News | | MIC Customs Solutions |

China saw a better-than-expected rise in imports and exports during June 2017, thanks to strong demand, domestically and abroad.

China once again exceeded expectations with its international trade performance during June 2017.

Official data from China's General Administration of Customs showed that exports from the Asian nation rose by 11.3 per cent from a year ago during last month, while a 17.2 per cent rise in imports was also seen in dollar terms over the same period.

Analysts polled by Reuters had expected increases of 8.7 per cent and 13.1 per cent respectively, with the country's overall trade surplus ticking upward to $42.8 billion (€37.5 billion).

This comes after better-than-expected international trade figures were also posted in May, with strong domestic demand leading to an ongoing rise in imports, while global sales of Chinese goods have also held up, as trade tensions with the US have largely been kept in check so far.

Julian Evans-Pritchard, China economist at Capital Economics in Singapore, said: "Today's upbeat figures point to still-strong foreign demand for Chinese goods, as well as fairly resilient domestic demand."