I posted earlier that the data is due at 0200GMT … but to not rely on that timing as it an be quite variable.
Expecations and previous month’s data:
Yuan terms
China trade balance: expected CNY 457.8bn, prior was CNY 507.1bn
Exports y/y: expected +7.1%, prior was +14.9%
Imports y/y: expected +0.1%, prior was -0.8%
USD terms
China trade balance: expected $72bn, prior was $75.4bn
Exports: expected 15.0%, prior 21.1%
Imports: expected 0.1%, prior was -0.8%
TD have brief preview comments:
A number of indicators point to a robust performance for Chinese trade, including PMI exports and imports components as well as trade with South Korea. Taken together with likely ongoing strong demand for stay at home goods including electronics and medical equipment produced by China. it implies another month of strong gains in imports and in particular exports.