The Chinese trade balance for April, in Chinese yuan, was CNY 618.44 billion, up from CNY 637.16 billion expected and CNY 601.01 billion previously. In other words, it increased its surplus but did not meet consensus expectations.
The Exports increased by 16.8% in the reported period, compared to the 10.5% forecast and the previous 23.4%.
The country’s imports fell 0.8% from 6.1% previously. Market forecasts pointed to an increase of 4.2%.
in US dollarsChina reported higher-than-expected trade surplus growth as imports fell in the reporting period.
The trade balance was 90,210 million, compared to the 71,600 million forecast and the previous 88,190 million.
Exports (YoY): 8.5% vs. 8.0% forecast and 14.8% prior.
Imports (YoY): -7.9% vs. 0% forecast and -1.4% prior.
Source: Fx Street
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