Chinese Trade Balance Surprises To the Upside

China trade balance was reported at USD 19.5 billion vs. USD 8.2 billion consensus and USD 1.7 billion in April. Export and import growth was running at 48.5 and 48.3 percent; Exports beat the consensus by 15% margin.

Good numbers, but I suspect that going further into the year we will deterioration in trade balance as global demand will not be so strong.

The accumulated surplus is now at USD 35.6 billion vs. USD 88.3 billion for the same last year and full year 2009 USD 196 billion.

Chart 1. China Trade Balance; Export & Import Growth

Source: Bloomberg

, ,

This entry was posted on Thursday, June 10th, 2010 at 6:38 am and is filed under China. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Chinese Trade Balance Surprises To the Upside”

  1. FoxBusiness: Dow Up 200, Retakes 10,000- Weekly Jobless Claims Dip by 3,000 to 456,000 | TodaysNews Says:

    […] Chinese Trade Balance Surprises To the Upside | Tainted Alpha […]

  2. Familiarising With Import Export Business | Currency Trading Exchange Guide Says:

    […] Chinese Trade Balance Surprises T&#959 t&#1211&#1077 Upside | Tainted Alpha […]


Get Adobe Flash player