VOT Research Desk
Due to a greater-than-anticipated decline in both imports and exports, China recorded a drop in its trade surplus.
Compared to the previous year’s +85.15B and the predicted +78.10B, the trade balance was +69.84B. Exports (YoY): -8.7% vs. expected -3.5% and prior -0.3%. Imports (YoY): -10.6% as opposed to -6.0% expected and -0.7% previous.
China’s exports in Yuan between January and November increased by 11.9% year over year. China’s imports in Yuan from January to November increased by 4.6% year over year.
China’s trade balance from January to November was CNY+5.34 trillion. Exports from China in US dollars from January through November increased by 9.1% year over year.
China’s dollar-denominated imports from January to November increased by 2.0% year over year.
