, China

China's merchandise exports jumped 5.1% in July

Imports also climbed 10.9%.

According to J.P. Morgan, China’s July trade report came in better than expected. Merchandise exports rose 5.1%oya (J.P.Morgan: +4.0%; consensus: +2.0 %), compared to the fall at 3.1%oya in June. 

Here's more:

On seasonally-adjusted terms, exports rose 2.0% m/m, sa in July, following the fall at 4.5% m/m, sa and 5.9% m/m, sa in June and May respectively. Taking the first seven months’ data together, China’s exports rose 9.5%oya,ytd.

Meanwhile, imports rose notably by 10.9%oya in July (J.P.Morgan: +3.2%; consensus: +1.0%), compared to the fall at 0.7%oya in June. This translates into a significant gain at 8.9% m/m, sa in July (vs. -3.5% m/m, sa and -3.7% m/m, sa in June and May respectively).

Trade surplus came in at US$17.82 billion in July (J.P.Morgan: $ 27.6 billion; consensus: $ 26.9 billion), compared to US$27.12 billion in June.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.