China YTD (Jan – Nov) trade data show both exports and imports rising (yuan terms) | Forexlive

China’s YTD trade balance is 5.34 tln yuan surplus

• exports +11.9% y/y
• imports +4.6% y/y

In USD terms January – November

• exports +9.1% y/y
• imports +2.0% y/y

Still awaiting the November month only data.

For the November month alone:

Trade balance is CNY 494.3bn surplus

• prior 586.8bn

Exports +0.9% y/y yuan terms

• prior +7.0%

Imports -1.1% y/y yuan terms

• prior +6.8%

In US dollar terms

• Trade balance 69.84bn USd surplus
• Exports -8.7% y/y
• Imports -10.6% y/y

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Not good numbers for Chinese trade but as I said earlier moves to ease back on COVID restrictions in the country is making data more stale than usual. Trade will pick up in the months ahead.