China’s total trade in the first 11 months of the year rose by 0.6pc to $4.17tn from the same period in 2019, according to China Custom Statistics (CCS). Of this, exports accounted for $2.3tn a 2.5pc increase from the previous year, while imports dropped by 1.6pc to $1.85tn.
In November alone, the country’s trade increased by 13.6pc to $460.7bn on an annual basis. Its exports were up by 21.1pc to $268bn in November and imports rose by 4.5pc to $192.6bn on an annual basis.
A break up of ferrous and non-ferrous metals traded in China last month and in the first 11 months of the year are as follows:
|Unit in US$|
|Category||Nov Export||Nov Import||YTD Export||YTD Import|
|Metalliferrous ores and metal scraps||$135.2mn||$18.4bn||$1.7bn||$169.8bn|
|Metal working machinery||$879.6mn||$714.9mn||$7.8bn||$7.9bn|
|Iron & Steel||$3bn||$3.8bn||$29.9bn||$33.5bn|
|Articles of iron & steel||$7.1bn||$843mn||$63.3bn||$8.5bn|
|Copper & articles thereof||$575.6mn||$4.5bn||$5.6bn||$43.9bn|
|Nickel & articles thereof||$32.2mn||$468.8mn||$491.3mn||$3.7bn|
|Aluminium & articles thereof||$2.3bn||$626.5mn||$22bn||$7.2bn|
|Lead & articles thereof||$2.5mn||$8.6mn||$39.7mn||$111.8mn|
|Zinc & articles thereof||$20.4mn||$244.1mn||$219mn||$1.7bn|