In USD terms,
China reported a bigger-than-expected growth in the trade surplus, as imports dropped while exports outpaced expectations.
Trade Balance came in at 94.46B versus +74.50B expected and +71.72B previous.
Exports (YoY): +20.9% vs. +20% exp. and +22% prior.
Imports (YoY): +19.5% vs. +26.3% exp. and +31.4% last.
China Dec trade surplus with the US $39.23B.
China 2021 trade surplus with US $396.58B.
China 2021 yuan-denominated exports +21.2%.
China 2021 yuan-denominated imports +21.5%.
China 2021 dollar-denominated imports +30.1%.
China 2021 dollar-denominated exports +29.9%.
Credit: www.fxstreet.com – Source link