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CN Last Dec Exports in USD Terms +10.7% YoY, Imports +1%, Beating Forecasts
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In terms of USD, the total value of import and export of goods trade in December 2024 amounted to US$566.42 billion, up 6.5% YoY and 7.5% MoM, according to figures released by China's General Administration of Customs (GAC). Of which, exports amounted to US$335.63 billion, up 10.7% YoY and 7.6% MoM, beating market consensus of a 7.5% incline. Imports were US$230.79 billion, representing a YoY increase of 1%, beating market consensus of a 1% drop, and a MoM increase of 7.5%. The balance of imports and exports amounted to US$104.84 billion, beating the market consensus of a surplus of US$100 billion. AAStocks Financial News |
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