Imports in China

China Imports | Economic News & Forecasts

China - Imports

Exports and imports accelerate in November

Exports expanded 12.3% annually in November, coming in above October’s 6.9% increase and market analysts’ expectations of a 5.3% rise. November’s healthy print signals that global growth remains strong, which is lifting demand for Chinese goods. In particular, export growth benefited from the launch of the new iPhones.

Meanwhile, imports rose 17.7% annually in November, which came in above October’s 17.4% expansion and the 11.3% increase that market analysts had expected. The print suggests that domestic demand is in a good shape, which bodes well for overall growth in Q4.

The trade surplus narrowed from USD 44.2 billion in November 2016 to USD 40.2 billion in November 2017 (October 2017: USD 38.2 billion surplus). The 12-month moving sum of the trade surplus decreased from October’s USD 425 billion to USD 421 billion in November, which marked the lowest value since January 2015.

Exports will expand 4.5% in 2018, bringing the trade surplus to USD 470 billion. In 2019, exports will rise 3.7%, pushing up the trade surplus to USD 492 billion.

China - Imports Data

2015   2016   2017   2018   2019  
Imports (USD billion)1,680  1,588  1,844  2,136  2,078  

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