China Jan Trade (USD terms): Surplus expands as exports surge

General Administration of Customs of the People’s Republic of China released January month trade balance data this Thursday at 03:00 GMT, with the figures broadly surpassing the estimates in both Chinese Yuan (CNY) and USD terms.

Key Details

In case of the US Dollar, the trade balance rose to $39.16 billion versus forecast of $34.3 billion and prior release of $57.06 billion.

Looking at the greater detail, it can be known that the imports fell lesser than expected -10.2% to -1.5% during the first month of 2019 versus -7.6% contraction registered at the end of 2018. The exports, on the other hand, increased with a bit more pace to +9.1% compared to -3.3% expectations and -4.4% previous.