Murphy Hokey Law

February 29, 2024

Exports from China unexpectedly rise up in November

As the data released on Thursday says, Chinese export unexpectedly rose up in November for the first time in seven months. This made China’s overseas shipments get up 0.5% from a year ago to $291.9 billion in November. This made beating up the expectations a 1.1% decline as shown by the data from the General Administration of Customs.

Also the imports from China fell 0.6% year-on-year in November, contrary to estimates of a 3.3% rise and shifting from a 3% rise in October.

During the same period, China’s trade surplus grew to $68.4 billion from $66.5 billion. In the first 11 months of this year, China’s exports and imports fell 5.2% and 6% respectively, from a year earlier.

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