In the January-November period of the current year, China’s external trade value amounted to $3.5 trillion, up 5.8 percent year on year, as announced by China’s General Administration of Customs on December 10. The value of the country’s exports and imports in the given period totaled $1.84991 trillion and $1.65037 trillion respectively, up 7.3 percent and 4.1 percent year on year, resulting in a trade surplus of $199.54 billion.
In the first 11 months of the year, China’s exports of mechanical and electrical products amounted to $1.06454 trillion, increasing by 8.2 percent year on year.
Among imported products, in January-November China’s iron ore imports amounted to 670 million mt, up 8.2 percent, with an average import price of $130.2/mt, down 21.7 percent, both year on year.