China December trade data, CNY terms: Exports +10.9% y/y (vs. expected +7.1%) & Imports -0.2% y/y (vs. +0.1%)

Author: Eamonn Sheridan | Category: News

Yuan terms

China trade balance CNY 516.81bn
  •  expected CNY 457.8bn, prior was CNY 507.1bn
Exports BEAT at +10.9% y/y
  • expected +7.1%, prior was +14.9%
Imports MISS at -0.2% y/y
  •  expected +0.1%, prior was -0.8%
USD terms 

  • China trade balance $78.17bn: expected $72bn, prior was $75.4bn
  • Exports beat +18.0% y/y: expected 15.0%, prior 21.1%
  • Imports beat +6.5% y/y: expected 0.1%, prior was -0.8%
China's trade surplus with the US was USD 29.92bn for the month of December

  • vs. 37.42bn in November 

China's trade surplus with the US was USD 316.91bn for the whole of 2020.

 more to come  
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