China's Trade Surplus Widens in June


China's trade surplus widened to $US22.27 billion in June, as imports growth decelerated much more sharply than expected, due to declining global commodities prices and domestic demand growth.

Exports rose 17.9 per cent in June from a year earlier to a monthly record high $US161.98bn, data from the General Administration of Customs showed.

Imports rose 19.3 per cent in June from a year earlier to $US139.7 billion, down from the 28.4 per cent rise in May and missing the economists' median forecast of a 26.8 per cent increase.

Lower global commodities prices played a key role in the slowdown of imports.


TradingEconomics.com
7/11/2011 11:13:16 AM