Chinese Trade Balance Surprises To the Upside

June 10th, 2010 by Belisarius

China trade balance was reported at USD 19.5 billion vs. USD 8.2 billion consensus and USD 1.7 billion in April. Export and import growth was running at 48.5 and 48.3 percent; Exports beat the consensus by 15% margin.

Good numbers, but I suspect that going further into the year we will deterioration in trade balance as global demand will not be so strong.

The accumulated surplus is now at USD 35.6 billion vs. USD 88.3 billion for the same last year and full year 2009 USD 196 billion.

Chart 1. China Trade Balance; Export & Import Growth

Source: Bloomberg

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2 Responses to “Chinese Trade Balance Surprises To the Upside”

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