Analysts polled by Reuters had expected December exports to have fallen 3.5 percent on-year, a contraction from an unexpectedly 0.1 percent rise in November and pointing to persistently sluggish global demand. Imports were expected to have grown for a second month but at a slower pace of 2.7 percent, after soaring 6.7 percent in November. The trade surplus was forecast to have climbed to $46.50 billion in December, versus November's $44.61 billion, with growing attention on its large trade surplus with the United States.
China's exports fell more than expected in December
China's December exports fell by a more-than-expected 6.1 percent from a year earlier, while imports beat forecasts slightly, growing 3.1 percent on strong demand for commodities from coal to iron ore, official data showed on Friday. That left the country with a trade surplus of $40.82 billion for the month, the General Administration of Customs said. Exports in all of 2016 fell 7.7 percent from a year earlier, while imports slid 5.5 percent. China's Jan-Dec trade surplus was $509.96 billion.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419