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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: China Exports -4.6% Y/Y In 2023, Imports -5.5% Y/Y
China's exports registered a 4.6% y/y decline in 2023, compared with the 10.5% growth made in 2022, the first yearly decrease in seven years, data released by Customs on Friday showed.
Exports in December of 2023 increased 2.3% from a year earlier, beating the 1.6% y/y forecast and up from the 0.5% y/y rise in November.
Imports rose 0.2% y/y in December, catching up from last month's 0.6% y/y fall and beating the 0.0% y/y consensus. Imports in 2023 dropped 5.5% y/y, compared with last 4.3% growth in 2022, marking the first yearly drop since 2020.
The trade surplus over the 2023 was USD823.2 billion, with December contributing USD75.34 billion, following last month's USD56.5 billion surplus.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.