July 10, 2020

China's surplus with the US grew 11% in June despite tariffs


In June, the new barriers introduced by both countries in their trade relations hindered Chinese exports to the US, which fell to 39,283.3 million dollars (34,911 million euros), 7.8% less than a year earlier and a 4 , 2% more than in May, although the fall of Chinese imports from the US was much more marked, with an annual decrease of 31.4% and 13.2% compared to May, to 9,359.3 million dollars (8,317 million euros).

Thus, in the first six months of 2019, trade between China and the US has dropped by 14.2% to 258,326.7 million dollars (229.58 billion euros).

In particular, Chinese exports to the US between January and June 2019 totaled 199,403.2 million dollars (177,214 million euros), 8.4% less than a year earlier, while Chinese purchases of US products fell by 29%. , 9%, up to 58,923.5 million dollars (52,366 million euros).

In this way, China's trade surplus with the US increased by 5% in the first half of the year, to 140,480 million dollars (124,847 million euros).

On June 1, the US began to apply additional tariffs on Chinese products worth about 200,000 million dollars (177.897 million euros) to which China responded by applying higher rates to a series of US products.

41% INCREASE YOUR COMMERCIAL SURPLUS.

Globally, the positive balance of China's trade balance in the first six months of 2019 reached 1,236 billion yuan (159,679 million euros), representing an annual increase of 41.6%.

Chinese exports between January and June totaled 7.95 trillion yuan (1.02 trillion euros), 6.1% above the figure for the same period of 2018, while imports of the Asian giant increased by 1, 4%, up to 6.71 trillion yuan (866.867 million euros).

In the month of June, China's sales to the rest of the world grew by 6.1% to 1.45 trillion yuan (187,323 million euros). On the other hand, Chinese purchases abroad fell by 0.4% to 1.1 trillion yuan (142.107 million euros).

Thus, China's trade surplus in June increased by 7.1% to 345.18 billion yuan (44.593 billion euros).

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