China August trade surplus narrowed to USD 41.99 billion

China August trade surplus narrowed to USD 41.99 billion, missing the estimate of USD 48.60 billion. The surplus in July was USD 46.73 billion.

Key points

Exports came-in at +5.5% y/y, expected 6.0%, prior was 7.2%

Imports printed at +13.3% y/y, expected 10.0%, prior was 11.0%

China’s trade surplus with US stands at USD 26.23 billion