China’s Jan trade data (USD): Imports – a huge beat

The China customs published trade balance for Jan in USD terms, reporting a big beat on expectations in the imports numbers, which could have led to the narrowing of the trade surplus.

In USD terms,

Trade Balance (USD) Jan came in at 20.34B surplus versus 54.65B exp and 54.69B previous.

Exports (YoY) Jan: +11.1% (est. +10.7% and 10.9% last)

 Imports (YoY) Jan: +36.9% (est. +10.6% and 4.5% last)