China November exports, imports grow strongly; trade surplus narrows

16:44, December 10, 2010      

Email | Print | Subscribe | Comments | Forum 

China's foreign trade grew strongly on a year-on-year basis in November, boosted by rising demand ahead of the Christmas shopping season, as the nation's trade surplus narrowed.

China's exports rose 34.9 percent year on year in November to 153.33 billion U.S. dollars while imports jumped 37.7 percent to 130.43 billion U.S. dollars, the General Administration of Customs (GAC) said Friday.

The country's trade surplus fell to 22.89 billion U.S. dollars last month from 27.1 billion U.S. dollars in October.

The October surplus was the second highest of the year after July's 28.73 billion U.S. dollars one.

Exports and imports totaled 283.76 billion U.S. dollars last month - a new record high - compared with 273.09 billion U.S. dollars in September, the GAC said in a statement on its website.

The higher-than-expected exports were a result of "seasonal factors," said Beijing-based Huarong Securities analyst Xiao Bo, referring to the increase in orders ahead of foreign countries' shopping seasons.

Xiao expects Chinese export growth to fall in early 2011 as imports increase at a steady pace, which will cause the nation's trade surplus to further shrink.

China's foreign trade totaled 2.68 trillion U.S. dollars in the first 11 months of the year, up 36.3 percent year on year, the GAC said.

The European Union remained China's largest trade partner, with EU-China trade increasing 33.1-percent year on year in the first 11 months to 433.88 billion U.S. dollars.

China's trade with the United States rose 30.2 percent year on year to 346.89 billion U.S. dollars in the January-November period while China-Japan trade jumped 31.7 percent year on year to 267.79 billion U.S. dollars.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Fireworks light up the Shanghai sky last night on the eve of National Day. Addressing a reception yesterday marking the 62nd anniversary of the founding of the People's Republic of China, Premier Wen Jiabao pledged to improve people's livelihoods and uphold social equality and justice. "We will continue to give top priority to improving people's livelihoods in all our endeavors and address pressing issues directly affecting people's interests," the premier said. Wen vowed to maintain general price stability as well as implement policies to regulate the real estate market and plans for building government-subsidized housing. He said the government will tighten supervision over workplace safety and food and drug safety, improve the social security system, protect the environment and ensure people live happy and secure lives.
  • Chinese President Hu Jintao (C, front) and other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, walk towards the Monument to the People's Heroes in Tian'anmen Square of Beijing, capital of China, Oct. 1, 2011. China's top leaders laid flower baskets at the monument on Saturday morning to mark the 62th anniversary of the country's founding. (Xinhua/Li Tao)
  • Five-month-old twin girls, An An (left) and Xin Xin, meaning safe and relieved in Chinese and carrying the good wishes of their parents, leave a Shanghai hospital yesterday, less than four weeks after a September 5 surgery to separate the conjoined twins from Zhejiang Province. They were born connected at the liver, chest bone and heart sac, the covering around the heart. Though they shared one liver and used one pericardium, they have their own hearts.
  • Models present cheongsams designed by Chen Yanqin during a fashion show in Yantai, east China's Shandong Province, Sept. 30, 2011. More than 100 creations of cheongsams, a traditional Chinese women's dress also known as mandarin gown or Qipao, were displayed here Friday. (Xinhua/Li Mingfang)
  • Citizens watch fireworks exploding over the Jingtian Lake during a music firework show in Shanghai, east China, Sept. 30, 2011, on the eve of the National Day. (Xinhua/Pei Xin)
  • A member of the media takes a look at a Bluecar, an electric-powered car made by French company Bollore, at a media presentation in Vaucresson, west of Paris, yesterday. The Bluecars have a range of 250 kilometers in urban use and a maximum speed of 130km per hour, and will be available to rent in the streets of Paris under the name of Autolib. The four-seater Bluecars will be positioned at 1,200 stations in the French capital, where customers can pick them up and drop them off, and will be available around the clock. Users must have a valid driver's license and pay a subscription fee to borrow one of the vehicles.
Hot Forum Discussion