Export Growth In November Hit A 9 Month Low Of &Nbsp, And The Trade Surplus Decreased By 34.9%.

Statistics released by Customs General Administration on 10 th

From 1 to November, China's foreign trade import and export amounted to US $3 trillion and 309 billion 620 million, an increase of 23.6% over the same period last year.

Among them, exports amounted to 1 trillion and 724 billion 10 million US dollars, an increase of 21.1%, and imports of US $1 trillion and 585 billion 610 million, an increase of 26.4%.

The trade surplus was 138 billion 400 million US dollars, narrowing 18.2% compared to the same period last year.

Wang Shouwen, director of the foreign trade division of the Ministry of Commerce, said recently that the decline in export growth reflected, on the one hand, the weakening of the international market demand. On the other hand, it also reflected the pressure on the rise of the comprehensive cost of exports, including the rise in labor wages, the appreciation of the RMB exchange rate, the rising cost of land, and the rising price of raw materials.

For next year, there will be no fundamental improvement in the market in Europe and the United States, and the domestic supply costs will also face the same situation this year.

Next year, the situation of foreign trade and import and export is grim.

Next year, foreign trade exports will focus on developing exports to developing economies.

If next year's European financial crisis does not get out of control, next year's exports will still achieve a certain level of growth.

Customs statistics show that in November, China's general trade increased by US $84 billion 500 million, an increase of 22% over the same period last year, and the processing trade reached US $89 billion 800 million, an increase of 6.9% over the same period last year.

In October, China's general trade grew by 23% over the same period last year, and the growth of processing trade increased by 9.4% over the same period last year.

Compared with October, the year-on-year growth rate of general trade and processing trade decreased in November.

In the first 11 months, general trade imports and exports were US $1 trillion and 747 billion 850 million, an increase of 30.9%.

Of which, exports amounted to 832 billion 780 million US dollars, an increase of 28.5%, which is 7.4 percentage points higher than that of the same period in the same period, and imports of US $915 billion 70 million, an increase of 33.1%, which is higher than the total growth rate of 6.7 percentage points in the same period.

Under general trade, the deficit was 82 billion 290 million US dollars, expanding 1.1 times.

Over the same period, China's processing trade imports and exports reached 1 trillion and 190 billion 380 million US dollars, an increase of 13.4%.

Of which, exports of US $761 billion 100 million, an increase of 13.6%, and imports of US $429 billion 280 million, an increase of 13.2%.

The surplus under processing trade amounted to $331 billion 820 million, an increase of 14.1%.

Zhang Yansheng, a researcher at the Foreign Economic Research Institute of the development and Reform Commission, said that the decline in processing trade illustrates the decrease in foreign investment in China, and that the situation of external demand is very bad.

The continued decline in export growth will be the overall trend of foreign trade this year.