China’s April Trade Balance: Surplus expands amid another exports surge

China's Trade Balance for April, in Chinese Yuan terms, came in at CNY618.44 billion versus CNY637.16 billion expected and CNY601.01 billion last.

The exports jumped by another 16.8% in the reported period vs. 10.5% expected and 23.4% previous.

The country’s imports fell by 0.8% vs. 6.1% prior. The market forecast was for a 4.2% increase.

In US Dollar terms, China reported a bigger-than-expected growth in the trade surplus as imports slump in the reported period.

Trade Balance came in at +90.21B versus +71.6B expected and +88.19B previous.

Exports (YoY): 8.5% vs. 8.0% exp. and 14.8% prior.

Imports (YoY): -7.9% vs. 0% exp. and -1.4% last.

FX implications

AUD/USD is holding the lower ground on mixed Chinese trade figures. The spot is down 0.05% on the day, trading at 0.6778 as of writing.