China's June Balance of Payments: $99.5 Billion Trade Surplus

China's June Balance of Payments: $99.5 Billion Trade Surplus

Goods and Services Trade in June 2026

China posted a goods and services trade surplus of 99.5 billion US dollars in June 2026, the State Administration of Foreign Exchange reported. In yuan terms, total imports and exports of goods and services reached 5.34 trillion yuan.

June Trade Breakdown

ItemJune 2026Year-on-Year
Total goods & services5.34 trillion yuan
Exports (goods & services)3.01 trillion yuan ($441.6B)
Imports (goods & services)2.33 trillion yuan ($342.1B)
Trade surplus678 billion yuan ($99.5B)

Why It Matters

The robust trade surplus provides a critical source of foreign exchange and supports the yuan's stability. Combined with record H1 trade volumes of 25.47 trillion yuan (+16.9% YoY), China's external sector remains a bright spot even as domestic demand growth slows and the property market correction continues.