China December USD denominated Exports +10.7% y/y (expected +7.3%) Imports +1.0% (-1.5%)

Chinese trade data for December 2024, USD denominated figures:

Trade Balance 104.84bn

• expected 99.8bn, prior 97.44bn
• surge in exports balloons out the surplus even more

Exports +10.7% y/y

• expected +7.3%, prior +6.7%
• exports have likely been boosted by the surge to send goods offshore ahead of expected Trump tariffs

Imports +1.0% y/y

• expected -1.5%, prior -3.9%

China’s December trade surplus with the US is 33.5bn USD vs. 29.7bn in November.

• for 2024 as a whole China’s trade surplus with the US was 361 bn USD

This is likely to give us more of this:

This article was written by Eamonn Sheridan at www.forexlive.com.