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.