China's foreign trade performance continues to impress as the country`s commerce ministry on Monday announced that foreign trade volume for the first eleven months of this year rose by 15.6 percent on last year's figure to 25.14 trillion yuan.
Exports were worth 13.85 trillion yuan, an increase of 11.6 percent, while imports expanded by more than a fifth to 11.29 trillion yuan. The trade surplus fell by 16.7 percent to 2.56 trillion yuan.
MOFCOM sent the message that China's trade with its major partners remained steady and strong, amid rising anti-globalization sentiment and a recovering global economy.
During the first 11 months, exports to the United States expanded 15.4 percent while those with the European Union gained 13.3 percent year-on-year (YoY). Exports to China's fellow BRICS and Belt and Road countries also grew rapidly, with the export figure with Brazil, Russia, India, South Africa and Malaysia increasing by 36.8 percent, 20.4 percent, 20.2 percent, 17.4 percent and 16.2 percent, respectively.