China Customs: Foreign trade grows 27.1% YoY in H1 2021, may slow in H2

China’s trade may slow YoY in H2 due to a high base last year, the General Administration of Customs said on Tuesday.

Additional takeaways

China’s foreign trade grew 27.1% YoY to reach 18.07 trillion yuan (about $2.79 trillion) in the first half of 2021.

January to June exports jump 28.1% YoY.

Trade still faces many uncertainties, instability in h2 due to the global pandemic.

Imported inflation risks still manageable.

Market reaction

AUD/USD is unimpressed by upbeat Chinese trade numbers, as it keeps its range below 0.7500, adding 0.20% on the day.

The spot was last seen trading at 0.7489.

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