MNI BRIEF: China's Nov Exports +5.9%; Rebound From 8-month Low

China's exports registered a 5.9% increase in November, while imports rose 1.9%, data released by China Customs showed on Monday.

Exports in November rose 5.9% y/y to USD330.4 billion, quickly rebounding from the previous 1.1% drop and beating the expectations for a 4.0% increase. Imports gained 1.9% y/y, quicker from 1.0% in October and behind the 2.9% market consensus.

China’s trade surplus in November hit USD111.7 billion, larger than the consensus of USD103.3 billion, taking Jan-Nov’s final surplus to USD1.08 trillion. 

Exports to the U.S. fell 18.9% y/y from January to November, while imports declined 13.2%. Exports to the EU rose 8.1% over the same period, with imports down 2.1%.