China Trade Surplus Jumps to Record High in November
China trade surplus widened to USD 54.5 billion in November of 2014 from a USD 33.80 billion a year earlier, touching a new record high, as exports grew by 4.7 percent while imports unexpectedly declined by 6.7 percent.
Exports amounted to USD 211.66 billion, as compared to a USD 202.20 billion a year ago and a USD 206.86 billion in the previous month. Sales advanced to: Japan (+9.9 percent from 8.1 percent decline in October), the United States (+7.8 percent from +10.9 percent), ASEAN (+14.5 percent from +18 percent), South Korea (+ 10.3 percent from +13.8 percent), EU (+10.6 percent from +4.1 percent)). In contrast, exports declined to South Africa (-8.7 percent), India (-7.9 percent) and Brazil (-2 percent).
Imports amounted to USD 157.19 billion, as compared to a USD 168.40 a year earlier and a USD 161.46 billion in the preceding month. Purchases from India in November fell the most by 28.3 percent year-on-year, followed by South Africa (-13.7 percent), Taiwan (-4.8 percent) and Canada (-1.3 percent).
12/8/2014 9:40:33 AM