In November, China's exports hit a record high

The General Administration of Customs announced the import and export of foreign trade from January to November today. In the first 11 months of this year, China’s total value of imports and exports was 23.43 trillion yuan, which was a year-on-year increase of 7.7% after deducting the exchange rate factor. The reporter was informed that since the beginning of this year, the growth of China’s general trade has been stable, the growth rate of processing trade has slowed down, and the EU and U.S. trade have stabilised. The import and export of private enterprises is the most dynamic. The trade volume is 14.2 percentage points higher than the overall growth of foreign trade.

Statistics show that in November, China’s total value of imports and exports was 2.27 trillion yuan, an increase of 9.3%. Of which exports 1.24 trillion yuan, the monthly export value exceeded 200 billion US dollars for the first time, an increase of 12.7%, to refresh the export record in December last year, a new record; import 1.03 trillion yuan, an increase of 5.3%; trade surplus 208.92 billion yuan***, an increase of 73.4%.

According to the analysis, the bilateral trade volume between China and the EU in the first 11 months was US$506 billion, an increase of 1.8%. The European region is still China’s largest trading partner. The reporter was informed at the Beijing office in the European Union that the investigation report released by the European Commission recently showed that the economic climate index (ESI) of the euro zone and the EU rose to 98.5 and 102.1 points in November this year, up by 0.8 points and 0.4 points respectively from the previous month. . The economic sentiment index for the euro zone in November rose to the highest point since August 2011, which is also higher than market expectations.

The increase in the economic sentiment index in the Eurozone was mainly attributable to the increased confidence of industry and service managers. Among the five largest economies in the Eurozone, Italy, Spain, the Netherlands, and Germany’s economic climate index rose by 1.9 points, 1.4 points, 1.3 points, and 0.8 points, respectively, while France’s economic prosperity index fell by 0.9 points. Analysts pointed out that the EU economic prosperity index is a barometer to measure consumer and business expectations of the economy. Although the EU’s economic prosperity index in November has maintained an upward trend for seven consecutive months, the improvement in market confidence has declined significantly, indicating that there are still differences in expectations for economic growth among different industries.

It is reported that the total value of bilateral trade between China and the United States in the first 11 months was US$472.12 billion, an increase of 7.6%. Total imports and exports accounted for 80% in 7 provinces and cities including Guangdong and Jiangsu. Exports in the central and western regions were active.

The import and export of private enterprises was US$1,252.49 billion, an increase of 21.9%, which was 14.2 percentage points higher than the overall growth rate of foreign trade, accounting for 33.2% of my total value of foreign trade. Among them, exports reached 825.49 billion U.S. dollars, an increase of 20.4%, accounting for 41.2% of the total value of exports, and imports of 427 billion U.S. dollars, an increase of 24.9%, accounting for 24.1% of the total value of imports.