China’s Trade Balance: Surplus expands in May amid a bigger-than-expected exports surge

China's Trade Balance for May, in Chinese Yuan terms, came in at CNY586.40 billion, widening from the previous figure of CNY513.45 billion.

Exports jumped by 11.2% YoY in May vs. 5.1% seen in April. The country’s imports rose 5.2% YoY in the same period vs. 12.2% recorded previously.

In US Dollar terms, China’s trade surplus shrank in May.

Trade Balance came in at +82.62B versus +73B expected and +72.35B previous.

Exports (YoY): 7.6% vs. 6.0% expected and 1.5% previous.

Imports (YoY): 1.8% vs. 4.2% expected and 8.4% last.