The economy China's exports increase significantly in June

China's exports gained significant momentum in June. According to the Chinese customs authorities in Beijing, exports measured in US dollars rose by 8.6% compared to the same month last year.

Imports, on the other hand, fell by 2.3 percent. The foreign trade volume of the world's second-largest economy amounted to 516.6 billion US dollars and the trade surplus was almost 100 billion dollars due to the significantly higher value of exports.

In May, China's exports were already 7.6% higher than in the same month last year. This means that China's foreign trade is once again sending out more positive signals at a time when Beijing is trying to drive forward the recovery of its economy. In foreign trade with Germany, there was a significant increase in exports of 8.5% compared to the previous year, while imports from Germany fell by 14.2%.

Analysts had previously forecast a significant increase in Chinese exports for June of eight percent compared to the previous year. The reason for this was that manufacturers in the People's Republic brought forward their deliveries in anticipation of tariffs in important export markets. Experts had expected imports to rise by 2.8 percent. These have now fallen unexpectedly, which also points to weak domestic demand.