FX.co ★ China Trade Surplus Beats Estimates

In May 2025, China's trade surplus surged to USD 103.22 billion, significantly up from USD 81.74 billion recorded during the same month the previous year and surpassing market predictions of USD 101.3 billion. This sharp increase was attributed to a rise in exports alongside a larger-than-expected drop in imports. Notably, exports grew by 4.8% compared to the previous year, which was slightly below the anticipated 5.0% rise and marked a slowdown from the 8.1% increase observed in April, this decrease in growth momentum stemmed from the impact of tariffs imposed by the Trump administration. Concurrently, imports experienced a 3.4% decline, much steeper than the forecasted 0.9% reduction, following a minor 0.2% decrease in April.