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7m ago

China’s November Exports Rebound as Trade Surplus Hits $111.7 Billion

The pickup concealed a steep U.S. slump alongside stronger flows to Germany, ASEAN, Africa.

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Trotz deutlichen Einbruchs der Exporte in die USA ist Chinas Handelsüberschuss im November auf Rekordhöhe gewachsen. Die chinesischen Ausfuhren kletterten dabei im Vergleich zum Vorjahreszeitraum um 5,9 Prozent, wie die chinesische Zollbehörde mitteilte.

Overview

  • Exports rose 5.9% year over year in U.S. dollars, beating forecasts, while imports increased 1.9%, yielding a surplus of about $111.7 billion.
  • Trade with the United States deteriorated further, with Chinese exports to the U.S. down nearly 29% and imports from the U.S. lower by about 19%.
  • Exports to Germany climbed 15.5% as imports from Germany fell 4.2%, and shipments to ASEAN and Africa grew 8.2% and 27.5%, respectively.
  • Reporting linked to the late‑October Trump–Xi meeting said Beijing paused some additional rare‑earth export controls, resumed U.S. soybean purchases, and Washington extended tariff relief while rolling back some sanctions.
  • Analysts pointed to weak domestic demand—pressured by the property downturn and low consumer confidence—as a key drag on imports and a reason for stronger consumption support.