China’s Trade Surplus With US Swelled 5.4% From January to November
Tang Shihua
DATE:  Dec 07 2020
/ SOURCE:  Yicai
China’s Trade Surplus With US Swelled 5.4% From January to November China’s Trade Surplus With US Swelled 5.4% From January to November

(Yicai Global) Dec. 7 -- China’s trade surplus with the United States widened 5.4 percent in the first 11 months of the year from the same period last year as demand for China-made goods remains strong despite the ongoing tariff war between the two nations and a swathe of new trade sanctions against Chinese companies brought in by the Trump administration.

The trade surplus with the US expanded to USD287.3 billion in the 11 months ended Nov. 30, up from USD272.5 billion a year earlier, the General Administration of Customs said today.

Chinese exports increased to USD405.8 billion, up 5.8 percent year on year, while imports from the US gained 6.7 percent to USD118.5 billion.

The US is China’s third largest trading partner after the Association of Southeast Asian Nations and the European Union.

Editor: Kim Taylor

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Keywords:   Trade Surplus,Economic Data,United States,General Administration of Customs