China YTD (Jan - Nov) trade data show both exports and imports rising (yuan terms)

China's YTD trade balance is 5.34 tln yuan surplus

• exports +11.9% y/y
• imports +4.6% y/y

In USD terms January - November

• exports +9.1% y/y
• imports +2.0% y/y

Still awaiting the November month only data.

For the November month alone:

Trade balance is CNY 494.3bn surplus

• prior 586.8bn

Exports +0.9% y/y yuan terms

• prior +7.0%

Imports -1.1% y/y yuan terms

• prior +6.8%

In US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term terms

• Trade balance 69.84bn USd surplus
• Exports -8.7% y/y
• Imports -10.6% y/y

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Not good numbers for Chinese trade but as I said earlier moves to ease back on COVID restrictions in the country is making data more stale than usual. Trade will pick up in the months ahead.