June 07, 2024 at 04:04AM
Trade data from China for May 2024
In USD terms:
Trade Balance 82.62bn
expected 73.0bn, prior 72.35bn
Imports +1.8% y/y
expected +4.2%, prior +8.4%
Exports +7.6% y/y
expected +6.0%, prior +1.5%
For the YTD, January – May, in US dollar terms:
Trade surplus of $337.2 billion
Exports +2.7% y/y
Imports +2.9% y/y
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In CNY terms, for May alone:
Trade surplus 586.4bn yuan
Exports +11.2% y/y
Imports +5.2% y/y
For the YTD, in yuan terms:
Trade surplus 2.4 tln yuan
Exports +6.1% y/y
Imports +6.4% y/y
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Exports in May have had a large beat of expectations, while imports have had a very disappointing miss.
This article was written by Eamonn Sheridan at www.forexlive.com.
