China's November trade hits $599.2 bn, improving by 3% YoY

29 Dec '24

1 min read

China's November trade hits $599.2 bn, improving by 3% YoY

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Insights

China's goods and services trade reached 4.28 trillion yuan (~$599.2 billion), up 3 per cent YoY in November.
Exports totalled $332.8 billion, and imports $263.8 billion, resulting in a $69 billion trade surplus, according to Chinese state media citing SAFE.
Goods exports were 2.15 trillion yuan (~$301 billion), imports 1.57 trillion yuan (~$219.8 billion), with a surplus of 584.6 billion yuan.

China's international trade in goods and services totalled approximately 4.28 trillion-yuan (~$599.2 billion) in November, reflecting a 3 per cent year-on-year (YoY) increase.

In terms of US dollars, goods and services exports reached $332.8 billion and imports totalled $263.8 billion, resulting in a trade surplus of $69 billion, said Chinese state-owned media citing State Administration of Foreign Exchange (SAFE).

The exports of goods were valued at 2.15 trillion yuan (~$301 billion), while the import value of goods totalled about 1.57 trillion yuan (~219.8 billion), amounting to a surplus of 584.6 billion yuan.

In October, China's foreign trade expanded 4.6 per cent year on year (YoY) in yuan terms compared to a 0.7 per cent YoY increase recorded in September, according to the General Administration of Customs (GAC).

Fibre2Fashion News Desk (SG)

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