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China trade data beats expectations as surplus widens further in June

Both exports and imports accelerated in June, helping widen China’s trade surplus beyond market consensus, according to Deutsche Bank strategists cited by FXStreet.

Reported · Written up by our desk · Major Pairs

Deutsche Bank strategists, as cited by FXStreet, said China’s latest trade figures came in above expectations in June, with both exports and imports accelerating.

The upside in external demand was linked to stronger global purchasing for AI related and technology goods, which helped offset geopolitical pressures, they said.

As a result, China’s trade surplus widened to a level they described as well beyond consensus.

FXStreet also noted that the broader trade update stands against ongoing concerns about global growth and risk sentiment, even as it supports a stronger external picture for China.

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