The Balance of Trade for China measures the difference between exports and imports of goods during a specified period. A trade surplus indicates that exports exceed imports, reflecting a positive trade balance, while a deficit suggests the opposite. This indicator is monitored as a measure of economic activity and can influence expectations regarding currency strength and trade policies.
A higher than expected figure should be seen as positive (bullish) for the CNY while a lower than expected figure should be seen as negative (bearish) for the CNY.