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China's trade surplus surged to USD 99.05 billion in June 2024 from USD 69.80 billion in the same period a year earlier, surpassing market expectations of USD 85 billion. It was the largest trade surplus since July 2022, as exports jumped while imports fell. Exports grew 8.6% from a year earlier, the fastest pace in 15 months and beating forecasts of an 8% gain, while imports unexpectedly dropped by 2.3%, missing the forecast of a 2.8% growth, and after a 1.8% rise in May. The trade surplus with the United States widened to USD 31.78 billion in June from USD 30.81 4 billion in the previous month. For the first half of 2024, the country recorded a surplus of USD 435 billion, with exports rising 3.6% to USD 1.71 trillion while imports advanced 2.0% to USD 1.27 trillion. The trade surplus with the United States stood at USD 159.9 billion for January - June 2024.