China's year-on-year growth rate of imports and exports rebounded to 4.1% in November
In the first 11 months of this year, China's total value of goods trade imports and exports reached 41.21 trillion yuan, up by 3.6% year-on-year. Among them, exports reached 24.46 trillion yuan, increasing by 6.2% year-on-year. Imports reached 16.75 trillion yuan, up 0.2% year-on-year.
By region, in the first 11 months, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 6.82 trillion yuan, up 8.5% year-on-year. The European Union is China's second largest trading partner. The total trade value between China and the EU was 5.37 trillion yuan, up by 5.4% year-on-year. The United States is China's third largest trading partner. The total trade value between China and the United States was 3.69 trillion yuan, a year-on-year decrease of 16.9%.
During the same period, China's combined imports and exports with the countries along the Belt and Road Initiative reached 21.33 trillion yuan, up 6% year-on-year.
By product, in the first 11 months, China's exports of integrated circuits reached 1.29 trillion yuan, up 25.6% year-on-year. The export value of automobiles reached 896.91 billion yuan, increasing by 17.6% year-on-year.
In terms of imports, in the first 11 months, China imported 1.139 billion tons of iron ore, an increase of 1.4% year-on-year. Crude oil imports reached 522 million tons, an increase of 3.2% year-on-year. A total of 104 million tons of soybeans were imported, an increase of 6.9% year-on-year.
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