China Jan Trade (USD terms): Surplus expands on smaller decline in imports
|The General Administration of Customs of the People’s Republic of China released January month trade balance data this Thursday at 03:00 GMT, with the figures broadly surpassing the estimates in both the Chinese Yuan (CNY) and USD terms.
Key Details
In US Dollar terms, the trade balance rose to $39.16 billion versus the forecast of $33.5 billion and prior release of $57.06 billion.
Looking at the greater detail, it can be known that the imports fell lesser than expected by-1.5% during the first month of 2019 versus -7.6% contraction registered at the end of 2018. The exports, on the other hand, increased with a bit more pace to +9.1% compared to -3.2% expectations and -4.4% previous.
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