- Analytics
- News and Tools
- Market News
- China’s April Trade Balance: Surplus expands amid another exports surge
China’s April Trade Balance: Surplus expands amid another exports surge
China's Trade Balance for April, in Chinese Yuan terms, came in at CNY618.44 billion versus CNY637.16 billion expected and CNY601.01 billion last.
The exports jumped by another 16.8% in the reported period vs. 10.5% expected and 23.4% previous.
The country’s imports fell by 0.8% vs. 6.1% prior. The market forecast was for a 4.2% increase.
In US Dollar terms,
China reported a bigger-than-expected growth in the trade surplus as imports slump in the reported period.
Trade Balance came in at +90.21B versus +71.6B expected and +88.19B previous.
Exports (YoY): 8.5% vs. 8.0% exp. and 14.8% prior.
Imports (YoY): -7.9% vs. 0% exp. and -1.4% last.
FX implications
AUD/USD is holding the lower ground on mixed Chinese trade figures. The spot is down 0.05% on the day, trading at 0.6778 as of writing.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
