The denominated value in yuan of trade between China and the rest of the world fell 6% year-on-year in June, according to official data released today by China’s General Administration of Customs.*100004 * googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1629474421914-0’); });
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In the sixth month of 2023, exchanges with other countries totaled about 3.49 trillion yuan (486.570 million dollars, 436.643 million euros).
Specifically, Exports fell by 8.3% compared to the same month of the previous year to 1.99 trillion yuan (277,542 million dollars, 249,066 million euros).
For their part, imports They did the same by 2.6% and stood at around 1.5 trillion yuan (209,022 million dollars, 187,561 million euros).
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Thus, the Chinese trade surplus closed June at about 491,250 million yuan (68,525 million dollars, 61,490 million euros), a reduction of 24.4% compared to that registered a year ago .
In the accumulated first half, trade between China and the rest of the world increased by 2.1%, with exports rebounding 3.7% year-on-year and imports down 0.1% .
Despite the June data, the official press wanted to highlight today that the figures for the first half of the year mark the first time that Chinese foreign trade exceeds 20 trillion yuan (2.79 trillion dollars, 2.5 trillion euros) in the January-June period.
Customs also presented this Thursday foreign trade data denominated in dollars, used as a reference by international analysts and which usually present divergences against to those disclosed in Chinese currency due to exchange rate fluctuations.
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In US currency, trades between China and the rest of the world contracted 10.1% year-on-year in June, with exports falling further (-12.4 %) than imports (-6.8%).
The figures are worse than expected by the experts, who predicted a drop of 9.5% in the case of foreign sales and 4 % in that of purchases of foreign goods.
In the overall for the semester, trade denominated in dollars reflects a global decrease of 4.7%, although in the accumulated up to June it is imports that experience a greater decrease (-6.7%) than exports (-3.2%).
EFE
