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 |
| Non-ferrous metals | $2.3bn | $6.5bn | $21.3bn | $59.8bn |
| 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 |