December trade data exceed estimates in all indicators

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China Customs has released the data of December’s trade balance in USD terms, reporting a growing trade surplus, while imports and exports increase more than expected.

In USD terms:

  • The trade balance stood at + 78.17 billion, compared to the + 72.35 billion expected and the + 75.40 billion of the previous month.
  • Exports (year-on-year): + 18.1%, compared to the + 15.0% expected and the + 21.1% previously.
  • Imports (YoY): + 6.5%, compared to the + 5.0% expected and the + 4.5% previously.

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