China’s EU Imports Fall 1.3% in May as Trade Surplus Stays Above $30 Billion
Updated
Updated · Bloomberg · Jun 9
China’s EU Imports Fall 1.3% in May as Trade Surplus Stays Above $30 Billion
1 articles · Updated · Bloomberg · Jun 9
Summary
China’s imports from the European Union fell 1.3% in May, the first drop in three months, pushing its trade surplus with the bloc slightly wider than in April.
Exports to the EU still rose 7.6%, but that was the weakest growth since October, leaving the surplus above $30 billion despite softer outbound momentum.
The divergence contrasted with China’s broader surge in foreign-goods purchases in May, highlighting a specific weakening in demand for EU products.
That widening imbalance adds to trade friction with the EU, where China is already on a collision course with the bloc over economic ties.