China trade balance likely to come in around USD 30bn in May - TDS

Dhwani Mehta FXStreet

Analysts at TDS offer a sneak peek at what to expect from today’s China trade report due on the cards any time soon.

Key Quotes:

Our models utilizing trade data from key trading partners and commodity prices point to another healthy increase in imports in May, likely up 19.4% y/y following a 21.5% y/ y rise in April.

Export growth is likely to be more moderate, with a less than consensus 10.1% y/y increase expected.

Consequently, the trade balance is likely to come in around USD 30bn in May.

TD's forecasts on the right, lower than market consensus for both imports and exports:

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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