China’s Trade Balance: Surplus widens more-than-expected in December as exports surge

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China’s Trade Balance for December, in Chinese Yuan terms, came in at CNY540.90 billion, widening from the previous figure of CNY490.82 billion.

Exports jumped 3.8% YoY in December vs. 1.7% seen in November. The country’s imports climbed 1.6% YoY in the same period vs. 0.6% booked previously.

In US Dollar terms, China’s trade surplus grew in December.

Trade Balance came in at +75.34B versus +74.75B expected and +68.39B previous.

Exports (YoY): 2.3% vs. 1.7% exp. and 0.5% previous.

Imports (YoY): 0.2% vs. 0.3% exp. and -0.6% last.

China Jan-Dec USD-denominated exports -4.6% YoY.

China Jan-Dec USD-denominated Imports -5.5% YoY.

AUD/USD is holding the recent gains on mixed China’s trade figures. The pair is up 0.29% on the day, trading at 0.6706 at the time of writing.

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