- China’s July Trade Balance: Surplus expands as exports and imports fall more than expected
Noticias del mercado
8 agosto 2023
China’s July Trade Balance: Surplus expands as exports and imports fall more than expected
China's Trade Balance for July, in Chinese Yuan terms, came in at CNY575.5 billion versus CNY625.25 billion and CNY491.25 billion last.
Exports plunged 9.2% in the reported period vs. -8.9% expected and -8.3% previous.
The country’s imports fell 6.9% vs. -2.6% prior. The market conensus was for a 2.5% drop.
In US Dollar terms, China’s trade surplus widened more than expected in July.
Trade Balance came in at +80.6B versus +70.60B expected and +70.62B previous.
Exports (YoY): -14.5% vs. -12.5% exp. and -12.4% prior.
Imports (YoY): -12.4% vs. -5.0% exp. and -6.8% last.
FX implications
AUD/USD is weighing mixed Chinese trade figures. The spot is down 0.30% on the day, trading at 0.6552, as of writing.
Enfoque del mercado
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