Skip to content

China’s Trade Surplus Hits Record After Shanghai Reopens

  • Exports surged 18% in June, beating economists’ forecasts
  • Weaker global demand to weigh on trade outlook rest of year
Video player cover image
WATCH: China’s exports rose at a faster pace than expected in June. Enda Curran reports.Source: Bloomberg
Updated on

China’s trade surplus hit a record high in June as exports surged after Shanghai emerged from its crippling Covid lockdown and outbreaks eased.

The trade balance climbed to about $98 billion last month from $79 billion in May, reaching the highest level in at least three decades. Exports in dollar terms grew 18% in June from a year earlier, beating economists’ estimate of a gain of 12.5%, to reach $331 billion, the second highest on record after December 2021.