China’s April trade data (Yuan terms): A big beat, but exports & imports disappoint

Dhwani Mehta FXStreet

China's trade balance for April, in Yuan terms, came in at +262.3 billion CNY vs +197.2 bn expected and +164.34 bn last. Exports came at 14.3% y/y vs 16.8% expected and 22.3% last, while imports were +18.6% y/y vs 29.3% expected and 26.3% last.

The release in USD terms will hit the wires within the next hour approximately. The data is a slightly negative input for the Aussie, as exports disappoint markets and re-ignite concerns over China’s external demand.

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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