[Asia Economy Reporter Cho Hyun-ui] China's export growth rate in November exceeded market expectations.
According to the General Administration of Customs of China on the 7th, China's exports in November amounted to $325.53 billion, a 22.0% increase compared to the same month last year. Although the export growth rate was lower than October's (27.1%), it surpassed market expectations (19.0%) by 3 percentage points.
China's imports in November reached $1,253.81 billion, increasing by 31.7% during the same period. The import growth rate significantly exceeded both October's (20.6%) and market expectations (19.8%) due to the impact of rising import prices caused by the surge in international raw material prices.
As a result, China recorded a trade surplus of $71.71 billion in November.
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