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.
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.
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