BEIJING — China’s exports fell for a second consecutive month in November, weighed down by weakening global demand, official data showed Wednesday.
Outbound shipments declined 8.7% on year in November, compared with a 0.3% year-on-year decline recorded in October, according to the General Administration of Customs. The decline was much steeper than the 2% fall expected by economists polled by The Wall Street Journal.
China’s imports fell 10.6% in November from a year earlier, much steeper than the 0.7% decline in October and the 4% drop anticipated in the WSJ poll.
The trade surplus in November was $69.84 billion, narrowing from $85.15 billion in October and narrower than the $78.05 billion expected by the economists.