China has maintained continuous trade surpluses since 1995, which have expanded by tenfold between 2004 and 2009. Since a minor domestic demand and trade concerns with the United States, China had a $421.9 billion trade surplus in 2019, the most since 2016. Exports increased 0.5% while imports declined 2.7%. The largest trade surpluses were recorded with the United States, Hong Kong, the European Union in particular, the Netherlands, the United Kingdom, Poland, Spain, Italy, and Belgium, India, Vietnam, the Philippines, Singapore, the United Arab Emirates, Pakistan, Turkey, and Indonesia. Brazil, Chile, Germany, Switzerland, Japan, Taiwan, Australia, South Korea, Saudi Arabia, Malaysia, Oman, and Russia were the countries with the largest trade deficits.
A higher than expected figure should be seen as positive (bullish) for the CNY while a lower than expected figure should be seen as negative (bearish) for the CNY.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.