Your 10-second guide to today's Chinese trade report for June

Fortescue’s loading facility at Port Hedland. Photo: Bloomberg.

Chinese international trade figures for June will be released later this morning.

Here’s the state of play.

  • In May, the nation’s trade surplus ballooned to $58.9 billion from $34 billion in April.
  • It was the largest trade surplus for the month of May on record, and the third largest in history.
  • From a year earlier, exports fell by 2.8% while imports slumped by 17.7%, largely on the back of falling commodity prices.
  • Both have contracted for the past three months. Imports have been falling since November 2014.
  • In June, the trade surplus is expected to fall slightly to $55.7 billion.
  • From a year earlier, exports are tipped to slide 0.2% with the decline in imports expected to moderate to 15.0%.

The June release should drop around midday AEST. Business Insider will have full coverage as soon as the data hits.

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