China’s trade surplus widens to $103.2B despite weaker exports
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China’s trade surplus widened in May to 103.22 billion dollars, up from 96.1 billion in April and above the 101.3 billion forecast by analysts.
However, export growth lost momentum, rising by just 4.8% year-on-year—almost half the 8.1% increase recorded in April and slightly below market expectations of a 5% gain. The slowdown reflects ongoing global trade tensions and a fragile recovery, despite the recent tariff truce with the United States.
Imports continued to fall for the fourth consecutive month, dropping by 3.4% from a year earlier, a sharper decline than April’s 0.2% fall and far below the -0.9% expected. The contraction highlights persistent weakness in domestic demand and economic uncertainty within the country.
However, export growth lost momentum, rising by just 4.8% year-on-year—almost half the 8.1% increase recorded in April and slightly below market expectations of a 5% gain. The slowdown reflects ongoing global trade tensions and a fragile recovery, despite the recent tariff truce with the United States.
Imports continued to fall for the fourth consecutive month, dropping by 3.4% from a year earlier, a sharper decline than April’s 0.2% fall and far below the -0.9% expected. The contraction highlights persistent weakness in domestic demand and economic uncertainty within the country.