News

China Dec trade USD terms: Exports -9.9% y/y (expected -10.0%) Imports -7.5% (-9.8%)

Exports USD terms -9.9% y/y

  • forecast was -11.1%, previous -8.7%

Imports -7.5% y/y

  • expected -9.8%, previous -10.6%

Trade Balance USD 78bn surplus

  • expected $76.20bn, prior $69.84bn

Yuan terms also …

Exports -0.5% y/y

  • prior 0.9%

Imports 2.2% y/y

  • prior -1.1%

Trade Balance 550.1bn

  • prior 494.3bn

For 2022 as a whole exports rose 4.3% and imports +10.5%

This article was written by Eamonn Sheridan at www.forexlive.com.