China’s July trade data (Yuan terms): Exports & imports miss expectations

Dhwani Mehta FXStreet

China's trade balance for July, in Yuan terms, came in at CNY+321.2 bn vs +293.55 bn expected and +294.30 bn last. Exports came at 11.2% y/y vs 14.8% expected and 17.3% last, while imports were +14.7% y/y vs 22.6% expected and 23.1% last.

For the January to July period:

Trade surplus of 1.6tln yuan

Exports +14.4% y/y in yuan

Imports +24% in yuan

The data is a negative input for the Aussie, as imports data is a big miss on expectations, which re-ignited 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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