China May exports rise 8.7 percent, imports up 14.8 percent, beat forecasts

Image
Reuters BEIJING
Last Updated : Jun 08 2017 | 9:42 AM IST

BEIJING (Reuters) - China's May exports rose 8.7 percent from a year earlier, while imports expanded 14.8 percent, both beating analysts' expectations, official data showed on Thursday.

That left the country with a trade surplus of $40.81 billion for the month, the General Administration of Customs said.

Analysts polled by Reuters had expected May shipments from the world's largest exporter to have risen 7.0 percent, easing slightly from 8.0 percent growth in April.

Imports were expected to have climbed 8.5 percent, after rising 11.9 percent in April.

Analysts were expecting China's trade surplus to have widened to $46.32 billion in May from April's $38.05 billion.

Improving global demand has boosted exports for China and other trade-reliant Asian economies in recent months after several lean years of declining shipments, but investors have been more focused on its strong appetite for imports, particularly for industrial commodities such as iron ore and coal which is boosting resources prices worldwide.

(Reporting by Sue-Lin Wong; Editing by Kim Coghill)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 08 2017 | 9:24 AM IST

Next Story