Chinese Exports Surge 14.1% CRUSHING Expectations

Chinese exports surged 14.1 percent year-over-year (YoY) in December, beating expectations for a 5 percent rise (via Michael McDonough).

Meanwhile, imports increased six percent YoY, ahead of expectations of a 3.5 percent rise.

Trade balance widened to $31.6 billion, more than consensus of $20 billion.

Original

At 9 p.m. ET China will release its December trade data.

Analysts polled by Bloomberg are looking for for imports to rise 3.5 percent year-over-year (YoY), exports to rise 5 percent YoY, and the trade balance to widen to $20 billion. This data would offer insight into whether China's economy really is picking up.

Bloomberg BRIEF economist Michael McDonough tweeted this chart ahead of the data that gives us insight into its largest trading partners:



More From Business Insider

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9264-0.0023-0.25%
    AUDUSD=X
    0.5518-0.0017-0.31%
    AUDGBP=X
    0.6702-0.0019-0.28%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg