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China’s Nov exports beat forecasts, trade surplus at $42.2b

Business Desk |
Update: 2013-12-08 04:44:38

DHAKA: China’s exports came in well above forecasts last month, rising 12.7 percent from a year earlier, while imports rose 5.3 percent, leaving the country with a trade surplus of US$33.8 billion for the month.

That compared with market expectations of a 7.1 percent rise in exports, a 7.2 percent rise in imports and a trade surplus of US$21.7 billion.

Exports increased 12.7 percent to US$202.2 billion from November last year, while imports grew to US$168.4 billion.

In the first 11 months of the year, China’s total trade, combining exports and imports, reached US$3.8 trillion, up 7.7 percent from the same period last year, Customs said, reports The Straits Times.

BDST: 1538 HRS, DEC 08, 2013

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