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China’s exported fell -7.5% yoy in May, trade surplus shrank to USD 65.8B

China’s exported fell -7.5% yoy in May, trade surplus shrank to USD 65.8B
In May, China’s exports significantly contracted, defying expectations. The country’s exports shrunk by -7.5% yoy to USD 283.5B, which was far below expectation of -0.4% yoy contraction. This marks the second-lowest export value since May 2022, with the only lower figure being the seasonally affected USD 213.8B recorded in February. Imports also contracted by -4.5% […] The post China’s exported fell -7.5% yoy in May, trade surplus shrank to USD 65.8B appeared first on Action Forex... Read More
Posted: Jun 7 2023, 04:19
Author Name: actionforex
Views: 081223

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