Unexpectedly large fall in exports in China – Västerbotten Courier

China’s exports fell unexpectedly sharply in June. Imports also fell more than economists had expected. Exports fell by 4.8 per cent compared with June last year, while imports fell by 8.4 percent.

This gave a trade surplus of 48.1 billion dollars, equivalent to 412 billion, compared with just under 50 billion dollars in May, according to statistics from the country’s customs authority.

Analysts had on average expected a decline of China’s exports by 4.1 percent in June, according to a Reuters poll. Imports were expected to have fallen by 5.0 percent following a decline by a modest 0.4 percent in May