China’s April Trade Balance: Mixed data fails to lift the aussie

China's Trade Balance for April, in Yuan terms, came in at CNY325.08 billion versus CNY441.88 expected and CNY300.58 billion last.

The exports rose by 1.9% last month vs. 16.4% expected and 12.9% previous.

Imports decreased by 2.0% vs. -2.9% expected and -1.7% prior.

In USD terms,

China reported a bigger-than-expected growth in the trade surplus, as imports and exports outpaced expectations.

Trade Balance came in at +51.12B versus +50.65B expected and +47.38B previous.

Exports (YoY): 3.9% vs. +3.2% exp. and +14.7% prior.

Imports (YoY): 0% vs. -3.0% exp. and -0.1% last.

Additional takeaways

China Jan-April yuan-denominated exports +10.3% YoY.  

China Jan-April yuan-denominated imports +5.0% YoY.