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KBND - U.S. Exports To China Lifts Trade Trajectory
KraneShares Bloomberg Barclays China Bond Inclusion Index ETF
U.S. exports lifted the trajectory of trade between the U.S. and China in February 2022.
Exports of U.S. mineral fuel oils also increased significantly in the year-over-year measure, with much of the remaining increase spread over multiple categories.
Much as February 2021's trade level between the U.S. and China was unusually low, March 2021's trade level was unusually high, so we anticipate the gap between the actual trajectory of U.S.-China trade and our counterfactual will open up when March 2022's data becomes available.