China’s Nov trade data (Yuan terms): Surplus expands on exports surge

Dhwani Mehta FXStreet

China's trade balance for November, in Yuan terms, came in at CNY+263.60 bn vs +231.0 bn expected and +254.47 bn last. Exports came at 10.3% y/y vs 2.0% expected and 6.1% last, while imports were +15.6% y/y vs 12.5% expected and 15.9% last.

More Details:

Jan-Nov Iron Ore imports up 6% YoY at 991M tonnes.

Jan-Nov Crude oil imports +12% YoY at 386M tonnes.

Jan-Nov unwrought copper imports -5% YoY at 4.24M tonnes.

Jan-Nov Steel products exports -30.7% YoY at 69.83M tonnes.

Nov iron ore imports at 94.77M tonnes.

Crude oil imports at 36.92M tonnes.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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