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China’s exports rebound in November, massively beating expectations after U.S. trade truce
China’s exports rose 5.9% in November, driven by increased shipments to Southeast Asia, Africa, and Latin America despite a nearly 29% drop in U.S. shipments, customs data showed.
- On Monday, China's customs data showed outbound shipments surged 5.9% in November, topping economists' 3.8% forecast and rebounding from a 1.1% drop in October.
- Manufacturers rushed to ship inventory after a leaders' meeting in South Korea, agreeing to a one-year pause on restrictive measures and rollbacks of tariffs, export controls, and increased soybean purchases.
- Despite the export surge, Chinese imports grew 1.9% but missed a 3% forecast, while an official manufacturing survey showed factory activity shrank for an eighth month and private exporters' survey reported contraction.
- Chinese policymakers will meet later this month for the Central Economic Work Conference, while Goldman Sachs expects Beijing to keep the 2026 growth target at `around 5%`.
- Tariff burdens remain high: U.S. levies on Chinese goods stay at around 47.5%, while Beijing tariffs on U.S. imports remain around 32%, Peterson Institute for International Economics reports.
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49 Articles
China's exports top expectations on strong sales to non-US markets
BEIJING: China's exports topped forecasts in November, driven by a surge in shipments to non-US markets as manufacturers deepen trade ties with the rest of the world in light of President Donald Trump's prohibi
·Singapore
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Chinese exports in November marked a rebound beyond expectations, accelerating with the expeditions followed by the trade truce at the end of October reached by presidents Xi Jinping and Donald Trump: +5.9%...
·Milan, Italy
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After an unexpected decline, China's exports are growing again markedly. This is likely to be good news for Beijing, but it could raise concerns in Germany and the EU.
Coverage Details
Total News Sources49
Leaning Left13Leaning Right4Center10Last UpdatedBias Distribution48% Left
Bias Distribution
- 48% of the sources lean Left
48% Left
L 48%
C 37%
15%
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