China November trade surplus $42 billion: Customs

China November trade surplus $42 billion: Customs

BEIJING - China's trade surplus expanded in November to US$33.8 billion (S$42 billion) from $31.1 billion in October, official figures showed Sunday.

Exports increased 12.7 per cent to US$202.2 billion from November last year, while imports were up 5.3 per cent year on year to $168.4 billion, the General Administration of Customs said.

The November surplus was considerably larger than a median forecast of US$21.7 billion in a poll of 11 economists in a survey by the Wall Street Journal reported by Dow Jones Newswires.

In the first 11 months of the year, China's total trade, combining exports and imports, reached US$3.8 trillion, up 7.7 per cent from the same period last year, Customs said.

The government's target for 2013 is eight per cent.

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