China full year (2018) trade balance data

Data for the full 2018 year from China

Yuan terms

• Exports +7.1% y/y
• Imports +12.9% y/y
• Trade surplus is 2.33 tln yuan

USD terms

• exports +9.9% y/y (dollar denominated export growth highest since 2011)
• imports +15.8 % y/y
• trade surplus 351bn USD

On this 'dollar denominated export growth highest since 2011', some of the higher exports are attributable to 'front loading' ahead of the US imposition of tariffs.

--

December trade data yet to come