China’s Trade Balance: Surplus shrinks in April despite solid Exports
Source Fxstreet
China's Trade Balance for April, in Chinese Yuan (CNY) terms, came in at CNY689.99 billion, showing a slight cooling off from the previous figure of CNY736.72 billion.
Exports jumped 9.3% YoY in April vs. 13.5% in March. The country’s imports rose 0.8% YoY in the same period vs. -3.5% booked previously.
In US Dollar (USD) terms, China’s trade surplus expanded more than expected in April.
Trade Balance arrived at +96.18B versus +89B expected and +102.63B previous.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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