China May trade data: USD denominated exports +7.6% y/y (beat) and Imports +1.8% (miss)

Trade data from China for May 2024In USD terms:Trade Balance 82.62bnexpected 73.0bn, prior 72.35bnImports +1.8% y/yexpected +4.2%, prior +8.4%Exports +7.6% y/yexpected +6.0%, prior +1.5%For the YTD, January - May, in US dollar terms:Trade surplus of $337.2 billionExports +2.7% y/yImports +2.9% y/y------------------In CNY terms, for May alone:Trade surplus 586.4bn yuanExports +11.2% y/yImports +5.2% y/yFor the YTD, in yuan terms:Trade surplus 2.4 tln yuanExports +6.1% y/yImports +6.4% y/y-------------------Exports in May have had a large beat of expectations, while imports have had a very disappointing miss. This article was written by Eamonn Sheridan at www.forexlive.com.

Jun 7, 2024 - 09:20
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China May trade data: USD denominated exports +7.6% y/y (beat) and Imports +1.8% (miss)

Trade data from China for May 2024

In USD terms:

Trade Balance 82.62bn

  • expected 73.0bn, prior 72.35bn

Imports +1.8% y/y

  • expected +4.2%, prior +8.4%

Exports +7.6% y/y

  • expected +6.0%, prior +1.5%

For the YTD, January - May, in US dollar terms:

  • Trade surplus of $337.2 billion
  • Exports +2.7% y/y
  • Imports +2.9% y/y

------------------

In CNY terms, for May alone:

  • Trade surplus 586.4bn yuan
  • Exports +11.2% y/y
  • Imports +5.2% y/y

For the YTD, in yuan terms:

  • Trade surplus 2.4 tln yuan
  • Exports +6.1% y/y
  • Imports +6.4% y/y

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Exports in May have had a large beat of expectations, while imports have had a very disappointing miss. This article was written by Eamonn Sheridan at www.forexlive.com.

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