Chinese foreign trade breaks record

China’s exports and imports grew faster and set new records in November, reflecting higher year-end external demand and the recovery in production from the energy crisis.

Exports increased 22% this year to nearly $326 billion, while imports grew nearly 32%, to $254 billion, according to official data released on December 7th.  Exports to the US increased 5.3% this year despite the Trump government tariffs remaining in effect. China’s imports from the US increased 22%, yet China posted a $37 billion surplus.

See photo of a container port terminal in Nantong, China’s Jiangsu province.

Source: Valor Econômico

To read the full original article, access the link: https://valor.globo.com/mundo/noticia/2021/12/08/comercio-exterior-chines-bate-recorde.ghtml

Sharing is caring!