China's November Exports Up 22%... Exceeding Forecasts

[Image source=AP Yonhap News]

[Asia Economy Reporter Cho Hyun-ui] China's export growth rate in November exceeded market expectations.

According to the General Administration of Customs of China on the 7th, China's exports in November amounted to $325.53 billion, a 22.0% increase compared to the same month last year. Although the export growth rate was lower than October's (27.1%), it surpassed market expectations (19.0%) by 3 percentage points.

China's imports in November reached $1,253.81 billion, increasing by 31.7% during the same period. The import growth rate significantly exceeded both October's (20.6%) and market expectations (19.8%) due to the impact of rising import prices caused by the surge in international raw material prices.

As a result, China recorded a trade surplus of $71.71 billion in November.

This content was produced with the assistance of AI translation services.