China’s December trade data (USD): Surplus expands 57.05bn, beats estimates

The China customs published trade balance for December in USD terms, reporting above estimates trade surplus as imports slump by a big margin.  

In USD terms,

Trade Balance (USD) December came in at 57.05B versus 51.53B expected and 44.71B previous.

Exports (YoY) Dec:  -4.4% vs. +3.0% expected and +5.4% last.

Imports (YoY) Dec:  -7.6 % vs. +5.0% expected and +3.0% last.