A sudden decline in Chinese imports, exports jump during June

Chinese imports fell suddenly last June, while exports rose more than expected.

According to data from the Chinese Customs Authority issued today, imports declined by about 2.3% last month on an annual basis, while expectations indicated a rise of 2.8%, according to “Reuters.”

As for exports, they rose by 8.6% in June on an annual basis, exceeding expectations for an 8% increase.

Since the beginning of 2024, Chinese imports and exports have increased by about 2% and 3.6%, respectively.

Chinese trade with the Association of Southeast Asian Nations grew by about 7.1% in the first half of this year, but declined at the European Union level.

As for Chinese trade with America, it declined slightly in the first 6 months of 2024, with imports decreasing by 4.9% and exports increasing by 1.5%.