Chinese trade data exceeds forecasts in November

Imports and Exports | | MIC Customs Solutions |

China's exports and imports both exceeded expectations during a strong November for the country's trade sector.

China has delivered better-than-expected international trade data during November 2017, bolstered by the recent strength of the global economy.

During the last month, China's exports rose by 12.3 per cent, considerably ahead of the 5.3 per cent prediction made by economists polled by Bloomberg. Import growth also came in ahead of expectations at 17.7 per cent, resulting in the nation's trade surplus widening to $40.2 billion (€34.25 billion).

Global demand for technology products was cited as a key driver of export growth, while raw materials imports also rose sharply. Overall, both international and domestic trade conditions remained positive during November,

Yao Shaohua, an economist at ABCI Securities, said: "The robust global economy, both the developed and developing economies, has lifted China's exports. Investment growth will slow slightly next year, weighing on imports growth."

The outlook for 2018 remains less certain, as continued friction between the US and China could have an impact on trade flow in the coming year.