Core Insights - In November, China's total import and export value reached $549.03 billion, a year-on-year increase of 4.3% [1][2] - Exports totaled $330.35 billion, growing by 5.9% year-on-year, while imports were $218.67 billion, up by 1.9% [1][2] - The trade surplus for November was $111.68 billion [1] Summary by Category Total Trade Value - The total import and export value for the first eleven months of the year was $5.75 trillion, reflecting a year-on-year growth of 2.9% [2] - The total export value for the same period was $3.41 trillion, increasing by 5.4%, while imports were $2.34 trillion, showing a decline of 0.6% [2] Export Performance - November's export growth of 5.9% was a significant rebound, accelerating by 7.0 percentage points compared to the previous month [4] - The high base effect from the previous year diminished, contributing to the improved export figures [4] - Exports to the EU, Africa, and Latin America saw notable increases, while exports to the U.S. experienced a slight decline [4][5] Import Performance - November's import growth rose to 1.9%, an increase of 0.9 percentage points from the previous month [6] - The increase in imports was supported by a lower base from the previous year and strong export performance driving the demand for intermediate goods [6] - Despite the growth, domestic investment and consumption have slowed, impacting the demand for bulk commodities and consumer goods [6]