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China's June exports rise 17.9% y/y, imports grow 1.0%

Published 07/13/2022, 02:41 AM
Updated 07/13/2022, 02:50 AM
© Reuters. FILE PHOTO: An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. Picture taken with a drone. China Daily via REUTERS

BEIJING (Reuters) - China's exports rose 17.9% in June from a year ago, beating analysts' expectations as the economy tries to wrestle back lost momentum from extensive COVID lockdowns and supply chain snags, while imports were up 1.0%, customs data showed on Wednesday.

© Reuters. FILE PHOTO: An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. Picture taken with a drone. China Daily via REUTERS

Analysts in a Reuters poll had expected exports to rise 12.0% after gaining 16.9% in May, while imports were expected to have grown 3.9% after a 4.1% gain two months ago.

China posted a trade surplus of $97.94 billion in June, versus a forecast for a $75.70 billion surplus in the poll and a $78.76 billion surplus in May.

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