China Customs: Uncertainty and Instability Plague International Trade

The General Administration of Customs China (GACC) stated that "international trade suffers instability, unclear circumstances" before to the publication of China's trade balance data.

July 13, 2022 - 11:37 AM 229 views

China Customs: Uncertainty and Instability Plague International Trade

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The General Administration of Customs China (GACC) stated that "international trade suffers instability, unclear circumstances" before to the publication of China's trade balance data.

Key Quotes

The decline in April's trade was reversed by increases in May and June.

It is anticipated that global trade will rise steadily.

China's H1 agricultural exports increased by 21.7 percent in yuan terms.

China H1 2022 trade statistics show that exports are up 13.2% YoY and imports are up 4.8% YoY in CNY terms.

The Market Reaction

As of the time of publication, the AUD/USD is up 0.21 percent on the day and edging closer to daily highs of 0.6769.

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