Chinese trade data for December 2024, USD denominated figures:
Trade Balance 104.84bn
- expected 99.8bn, prior 97.44bn
- surge in exports balloons out the surplus even more
Exports +10.7% y/y
- expected +7.3%, prior +6.7%
- exports have likely been boosted by the surge to send goods offshore ahead of expected Trump tariffs
Imports +1.0% y/y
- expected -1.5%, prior -3.9%
This article was written by Eamonn Sheridan at www.forexlive.com.
