China trade data for December 2024, USD denominated figures:
Trade balance 104.84bn
- expected 99.8bn, before 97.44bn
- an increase in the export of balloons out the surplus even more
Exports +10.7% y/y
- +7.3% expected, on +6.7% previously
- Exports appear to be buoyed by the surge to ship goods offshore ahead of Trump's expected prices
Imports +1.0% y/y
- expected -1.5%, previous -3.9%
China's December trade surplus with the US is 33.5bn USD against 29.7bn in November.
- for 2024 as a whole China's trade surplus with the US was 361 billion USD
This is likely to give us more of this:
This article was written by Eamonn Sheridan at www.forexlive.com.
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