China’s exports grew faster than expected in June, rising 27.0% year-on-year in US dollar terms, while imports jumped 36.0%, Reuters reported, quoting customs data released on Tuesday.
Economists surveyed by Reuters had forecast export growth of 18.2%, following a 19.4% increase in May, and had expected imports to rise 24.0%, compared with 27.4% growth in the previous month.
China’s trade performance has remained resilient despite ongoing uncertainty over global demand and trade tensions with the United States.
Analysts quoted in another report say June’s stronger-than-expected export growth was driven by robust global demand for semiconductors and other AI-related technology products, as well as US importers bringing forward orders ahead of possible tariff increases later this year.
The surge in exports has helped offset weak domestic consumption and a prolonged property sector slowdown, with China recording a trade surplus of $125.6 billion in June.
