China’s Feb trade data (Yuan terms): A big miss on Imports jump

Dhwani Mehta FXStreet

China's trade balance for February, in Yuan terms, came in at -60.4 billion CNY vs 172.5bn expected and 354.5bn last. Exports came at 4.2% y/y vs 14.6% expected and 15.9% last, while imports were +44.7% y/y vs 23.1% expected and 25.2% 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.

The combined January-February trade balance (Yuan terms) stands at:

Surplus of 293.7bn CNY

Jan-Feb Imports +34.2%

Jan-Fen exports +11% y/y

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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