Exports USD terms -9.9% y/y

  • forecast was -11.1%, previous -8.7%

Imports -7.5% y/y

  • expected -9.8%, previous -10.6%

Trade Balance USD 78bn surplus

  • expected $76.20bn, prior $69.84bn

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Yuan terms also ...

Exports -0.5% y/y

  • prior 0.9%

Imports 2.2% y/y

  • prior -1.1%

Trade Balance 550.1bn

  • prior 494.3bn

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For 2022 as a whole exports rose 4.3% and imports +10.5%