BEIJING – China’s export growth slowed sharply in November, as effects of shipment frontloading due to trade tensions with the US may have started to wane.
Total exports grew 5.4% from a year earlier, decelerating from a 15.6% increase in October, the General Administration of Customs said on Saturday. Economists polled by The Wall Street Journal had forecast a 10.0% growth in overseas shipment.
Imports expanded 3.0% on year last month, down from a 21.4% increase in the previous month, missing economists’ median forecast of 14.4% growth.
China’s total trade surplus widened to $44.74 billion from $34.0 billion in October, customs data showed. Economists had expected a $33.5 billion surplus.