China’s Trade Data Comes in Better Than Expected During December

China's trade data has come in better than expected, with exports rising for the first time in five months while imports also climbed higher

China's Trade Data Comes in Better Than Expected During December

China’s trade data has come in better than expected, with exports rising for the first time in five months while imports also climbed higher. According to customs data, exports climbed 7.6% higher YoY while imports rose 16.3% higher YoY during December.

After a contraction by 1.3% during November, economists had forecast China’s exports to rise by 3.2%, but the growth was far higher than expectations. Higher commodity prices boosted China’s imports to come in higher than the o.5% growth seen in November and beat economists’ forecast for a 9.6% increase.

China’s trade surplus for December touched $46.79 billion, higher than the previous month’s figure which stood at $37.93 billion but slightly lower than economists’ forecast which was for a reading of $48 billion. As a result of the trade war, China’s trade surplus with the US edged lower to $23.18 billion in November from $24.60 billion during November.

Overall, China’s exports to the US declined by 12.5% in 2019 after having grown by 11.3% during 2018. Meanwhile, the tariffs war drove imports from the US lower 20.9% lower in 2019 after having grown by 0.7% in 2018.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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