China’s Nov trade data (USD terms): Exports and imports surprise positively

Following the release of China’s trade balance for November, in yuan terms, the China customs published the data in USD terms, showing that both the country exports as well imports surprised markets to the upside.

In USD terms,

Trade Balance (USD) Nov came in at 46.3B surplus versus 46.9B exp. and 49.06B last

Exports (YoY) Nov: +0.1% (est. -5.00%, prev. -7.3%)

 Imports (YoY) Nov: 6.7% (est. -1.9%, prev. -1.4%)