Monitor CH Trade Balance to gauge export demand's impact on currency and domestic production.
The demand for exports is closely tied to the demand for currency, as international buyers typically purchase the domestic currency to pay for the country's exports. Furthermore, export demand influences both production levels and pricing for local manufacturers. The source does not maintain a consistent release schedule; therefore, this event will appear with either a date range or marked as 'Tentative' until the actual data is available. A positive figure indicates that exports exceeded imports. This Yuan-denominated information was first disclosed in February 2015.
What it Measures
The difference in value between goods imported and exported in the prior month.
Usual Effect
When the 'Actual' value exceeds the 'Forecast', it is considered favorable for the currency.
Source & Frequency
CGAC (latest release) - http://english.customs.gov.cn/ • Data is released monthly, excluding February, approximately 10 days after the end of each month.
How Data is Derived
N/A
Also Known As
N/A
Acronym
Customs General Administration of China (CGAC)