China’s Dec Trade data (USD): Surplus misses estimates despite a big beat on Exports and Imports

Dhwani Mehta FXStreet

The China customs published Trade Balance for December in USD terms, reporting a smaller-than-expected increase in the trade surplus despite both exports and imports beat estimates by a big margin.

In USD terms,

Trade Balance (USD) came in at +46.79B versus +48B expected and +37.93B previous.

Exports (YoY): +7.6% vs.+3.2% exp. and -1.3% last.

Imports (YoY): +16.3% vs.+9.6% exp. and +0.5% last.

China's 2019 total trade declined slightly in USD terms, but exports grew 0.5%.

Meanwhile, the AUD/USD pair stalls its decline and trades around the 0.69 handle amid better Chinese Trade data and US-China trade deal optimism.

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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