China's Ministry of Commerce (MOC) has stated that in the first eleven months of the current year China’s exports to countries in the One Belt One Road area rose by 16.2 percent year on year, while its exports to the US, the EU and Japan increased by 15.4 percent, 13.3 percent and 8.8 percent year on year, while Chinese exports to Brazil, Russia, India, South Africa and Malaysia rose by 36.8 percent, 20.4 percent, 20.2 percent and 17.4 percent, year on year, respectively.
Meanwhile, increases in commodity prices and volumes pushed up the total value of China’s imports. In the January-November period of the current year, the import prices of ten major commodities, including crude oil, iron ore, natural gas, finished steel, copper concentrate and others, increased by between 0.7 percent and 24.4 percent year on year, while import volumes of these commodities rose by between 6.8 percent and 63.7 percent, year on year.