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.