China’s April trade data (USD): Exports & imports surprise negatively

Dhwani Mehta FXStreet

Following the release of China’s trade balance for April, in Yuan terms, the China customs published the data in USD terms, reporting a wider trade surplus. However, both exports and imports surprised the downside.

In USD terms,

Trade Balance (USD) April came in at 38.05B surplus versus +35.2B exp and 23.92B previous.

Exports (YoY) April: +8% (est. +11.3% and 16.4% last)

Imports (YoY) April: +11.9% (est. +18.0% and 20.3% last)

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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