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China June exports unexpectedly rise 0.5% year-on-year, imports up 2.7% - Metro US

China June exports unexpectedly rise 0.5% year-on-year, imports up 2.7%

Worker with a face mask works next to containers at a port after the lockdown was lifted in Wuhan, capital of Hubei province and China's epicentre of the novel coronavirus disease (COVID-19) outbreak

BEIJING (Reuters) – China’s exports in June unexpectedly rose 0.5% from a year earlier, and imports increased 2.7%, customs data showed on Tuesday.

Analysts in a Reuters poll had forecast exports would fall 1.5% from a year earlier after a 3.3% drop in May.

Imports were estimated to have contracted 10.0%, versus a decline of 16.7% in May.

China posted a trade surplus of $46.42 billion last month, compared with the poll’s forecast for a $58.60 billion surplus and $62.93 billion surplus in May.

(Reporting by Colin Qian and Gabriel Crossley; Editing by Jacqueline Wong)

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