China exports in May fall 3.3% year-on-year; imports shrink 16.7%

China's exports in May fell a less-than-expected 3.3% compared with a year earlier, but imports plunged 16.7%, customs data showed on Sunday. Analysts in a Reuters poll had forecast exports would tumble 7% from a year earlier after a 3.5% gain in April.

Imports were estimated to have contracted 9.7%, recovering from a slide of 14.2% in April. China posted a trade surplus of $62.93 billion last month, compared with the poll's forecast for a $39 billion surplus and $45.34 billion surplus in April.

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