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China's Trade November 2023

According to the data from China's General Administration of Customs of December 7, expressed in dollars, China's international trade with the rest of the world showed a negative trend in the first 11 months of 2023, with declines in exports (-5.2 per cent), imports (-6 per cent), and aggregate trade (-5.6 per cent).


China confirms the Association of Southeast Asian Nations (ASEAN) region as the top partner with USD 825 billion in the January-November 2023 period, followed by the European Union (USD 716 billion) and the United States (USD 607 billion).


Trade with the African countries increased by 1.1 per cent, while trade with the member countries of the ASEAN fell by 5.3 per cent, and trade with countries in the LATAM region, which includes Mexico, Central America and all of South America, remain unchanged (+0.2 per cent).


China's trade with the European Union decreased by 7.6 per cent, while that with the United States declined by 12.2 per cent.


Imports of products from the European Union to China increased the most from the Netherlands (31.1 per cent), France (8.6 per cent), and with Italy by 1.2 per cent, while the EU average was -1 per cent.


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