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China’s Dec Trade data (USD): Surplus misses estimates despite a big beat on Exports and Imports

The China customs published Trade Balance for December in USD terms, reporting a smaller-than-expected increase in the trade surplus despite both exports and imports beat estimates by a big margin.

In USD terms,

Trade Balance (USD) came in at +46.79B versus +48B expected and +37.93B previous.

Exports (YoY): +7.6% vs.+3.2% exp. and -1.3% last.

Imports (YoY): +16.3% vs.+9.6% exp. and +0.5% last.

China's 2019 total trade declined slightly in USD terms, but exports grew 0.5%.

China Trade Balance CNY registered at 329.27B above expectations (315B) in December

China Trade Balance CNY registered at 329.27B above expectations (315B) in December
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