China’s December Trade Balance: Surplus expands amid mixed exports, imports data
China's Trade Balance for December, in Chinese Yuan terms, came in at CNY550.1 billion versus CNY494.3 billion last.
The exports dropped by 0.5% last month vs. 0.9% previous.
The country’s imports rebounded by 2.2% vs. -1.1% prior.
In US Dollar terms,
China reported a widening of the trade surplus, as exports and imports showed a smaller-than-expected slump.
Trade Balance came in at +78B versus +76.2B expected and +69.84B previous.
Exports (YoY): -9.9% vs. -10.0% exp. and -8.7% prior.
Imports (YoY): -7.5% vs. -9.8% exp. and -10.6% last.
Meanwhile, China's trade surplus with the United States was $29.5 billion in December, compared with a $24.33 billion surplus in November.
FX implications
AUD/USD remains under heavy selling pressure on mixed Chinese trade figures, keeping its range around 0.6950. The spot is losing 0.28% on the day, as of writing.
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.
