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MNI BRIEF: China Nov Exports Strong; Imports Accelerating

MNI (Singapore)
SINGAPORE (MNI)

China's exports gained 22.0% y/y to USD325.53 billion in November, extending a surge that had lasted for more than a year, according to the data released on Tuesday by the China General Administration of Customs.

November trade surplus narrowed to USD71.71 billion from USD84.54 billion in October. Imports accelerated to 31.7% y/y at USD253.81 billion.

In the first 11 months, exports rose 31.1% y/y. Shipments to the U.S. soared 28.3% y/y, while those to the EU and Japan gained 33.4% and 17.1%, respectively. Imports increased 31.4% y/y. Total imports from the U.S. surged 36.9% y/y, while those from the EU and Japan gained 22.7% and 20.4%, respectively.

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