China’s Feb trade data (USD): Exports jump +44.5%

The China customs published trade balance for Feb in USD terms, reporting a big beat on expectations in the exports numbers, which resulted in the expansion of the trade surplus.  

In USD terms,

Trade Balance (USD) Feb came in at 33.74B surplus versus -5.7B exp and 20.34B previous.

Exports (YoY) Feb: +44.5% (est. +11.0% and 11.1% last)

 Imports (YoY) Feb: +6.3% (est. +8.0% and 36.8% last)

Additional details:

January + February exports +24.4% y/y USD terms. 

January + February imports +21.7% USD terms.