ANKARA: China's imports unexpectedly dropped compared to a year ago in June in US dollar terms, according to customs data released on Friday. Chinese imports decreased 2.3% year-on-year to $209 billion in June, bucking expectations of a 2.8% hike for the month, data from the General Administration of Customs showed. Its exports for June, on the other hand, grew 8.6% annually to nearly a two-year high of $308 billion, better than the market forecast of an 8% increase. So, the trade surplus rose to $99 billion in June, up from $69.8 billion in the same period last year. Among trading partners, shipments went up to the US by 6.6%, Japan by 0.9%, South Korea by 4.1%, Taiwan by 27.6%, and Australia by 1.2%. In the first half of 2024, imports and exports climbed 2% and 3.6%, respectively, from a year earlier. Source: Anadolu Agency
Recent Post
Iranian Rial Declines to Record Low Against US Dollar
September 29, 2026
Israeli Forces Detain Syrian Man in Quneitra Incursion
September 29, 2026
BIST 100 Index Opens Lower in Turkey
September 29, 2026
UK Foreign Minister Criticizes Netanyahu Government Over Gaza
September 29, 2026