General Administration of Customs: In the first 11 months of this year, China's total import and export value increased by 22% year-on-year, exceeding the level of last year

According to the data released by the General Administration of Customs on the 7th, in November, China's total import and export value was 3.72 trillion yuan, up 20.5% year-on-year, 11.4% quarter-on-quarter and 29.6% over the same period in 2019. In the first 11 months of this year, China's total import and export value was 35.39 trillion yuan, up 22% year-on-year, exceeding the level of 32.16 trillion yuan last year and up 24% over the same period in 2019. Among them, the export was 19.58 trillion yuan, a year-on-year increase of 21.8% and an increase of 25.8% over the same period of 2019; Imports were 15.81 trillion yuan, a year-on-year increase of 22.2% and an increase of 21.8% over the same period of 2019; The trade surplus was 3.77 trillion yuan, a year-on-year increase of 20.1%.

HPHT GOING TO SHOOT UP FURTHER DUE TO RCEP !!!!

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