February trade data from China is skewed by the New Year break. YTD figures, i.e. for January and February combined, are a better guide given the moveable holiday period each year.
USD denominated numbers for the January - February months:
- Imports +3.5% (expected +1.5%
- exports +7.1% (expected +1.9%)
- trade balance 125.2bn USD (expected +103.7 bn USD)
Better than expected figures for both imports and exports are a welcome result.
Yuan denominated:
- imports +10.3% y/y
- exports +10.3% y/y
- trade balance 890.87bn surplus
Chinese equities are showing minor gains:
![china trade January February 2024 2](https://images.forexlive.com/images/china%20trade%20January%20February%202024_id_6c0eccf1-d19b-4b09-a57f-2b5733562e64_original.jpg)