China Customs: China's trade growth in 2019 may slow

Following the release of the full 2018 China trade balance data, the China Customs offers additional details on the trade figures.

Key Headlines:

China's total trade growth slowed to 8.8% y/y in q4.

China's strong 2018 trade more due to volume increase.

China’s imports of iron ore, soybean declined in 2018.

China's trade growth in 2019 may slow.

The biggest concern for trade is external uncertainty.

China's trade surplus with the US increased in 2018.

China's trade surplus with the US in 2018 is highest on record going back to 2006.

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