China’s Trade Balance: Surplus widens in January-February period amid a surge in exports

Haresh Menghani FXStreet

China's Trade Balance for the January-February period, in Chinese Yuan terms, came in at CNY 890.8 billion, as compared to the previous figure of CNY540.90 billion.

Exports rose sharply by 7.1%% YoY during the reported period, higher than the 1.9% expected. The country’s imports, meanwhile, climbed 3.5% YoY vs. 0.2% booked previously.

In US Dollar terms, China’s trade surplus rose to $125.16 billion versus the +103.7 billion expected and +75.34 billion in December.

FX implications

The AUD/USD pair reacts little to the upbeat data and sticks to its modest intraday gains just below a nearly two-week high touched on Wednesday.

(The story was corrected at 03:35 GMT on March 7 to say that China's Trade Balance pertains to the January-February period instead of only February).

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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