China Jan Trade (USD terms): Surplus expands on smaller decline in imports

Anil Panchal FXStreet

The General Administration of Customs of the People’s Republic of China released January month trade balance data this Thursday at 03:00 GMT, with the figures broadly surpassing the estimates in both the Chinese Yuan (CNY) and USD terms.

Key Details

In US Dollar terms, the trade balance rose to $39.16 billion versus the forecast of $33.5 billion and prior release of $57.06 billion.

Looking at the greater detail, it can be known that the imports fell lesser than expected by-1.5% during the first month of 2019 versus -7.6% contraction registered at the end of 2018. The exports, on the other hand, increased with a bit more pace to +9.1% compared to -3.2% expectations and -4.4% previous.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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