In USD terms, in August, China’s total international trade rose 4.2% yoy to USD 411.6B. Exports rose 9.5% yoy to USD 235.3B, above expectation of 7.1% yoy. Imports, however, dropped -2.1% yoy to USD 176.3B, well below expectation of 0.1% yoy. Trade surplus narrowed to USD 58.9B, but still above expectation of USD 49.8B.
Year-to-August, total trade dropped -3.6% yoy to USD 2854B. Exports dropped -2.3% yoy to USD 1572B. Imports dropped -5.2% to USD 1283B. Trade balance recorded USD 289B surplus.
With EU, year-to-August, total trade dropped -1.5% yoy to USD 401B. Exports rose 2.1% yoy to USD 245B. Imports dropped -6.8% yoy to USD 156B.
With US, year-to-August, total trade dropped -3.5% yoy to USD 344B. Exports dropped -3.6% to USD 266B. Imports dropped -2.9% yoy to USD 78B.China t
