China's Trade Surplus Narrows in November

China's trade surplus narrowed in November, but was higher than expected, indicating the euro-zone crisis is having a real but still limited impact on Chinese exports., General Administration of Customs 12/10/2011 1:08:15 PM

China's trade surplus in November fell to $14.53 billion from $17.03 billion in October, data from the General Administration of Customs showed.

Exports rose 13.8 percent to $174.5 billion in November, a decline from 15.9 percent growth in October.

Imports gained 22.1 percent to $159.9 billion, down from the previous month's 28.7 percent rise. Import volumes of iron ore, copper and soybeans all rose sharply from October as low prices encouraged bargain hunting.

China's monthly trade surplus with the 27-nation European Union, its biggest export market, narrowed to $11.8 billion in November from $13 billion in October. The trade surplus with the United States also narrowed slightly from the month before to US$19.45 billion in November.