China’s July Trade Balance: Surplus expands as exports and imports fall more than expected

In US Dollar terms, China’s trade surplus widened less than expected in June, as exports slumped.

Trade Balance came in at +80.6B versus +70.60B expected and +70.62B previous.

Exports (YoY): -14.5% vs. -12.5% exp. and -12.4% prior.

Imports (YoY): -12.4% vs. -5.0% exp. and -6.8% last.

more to come ...