From January to November, China exported 237.7 billion yuan of plastic products.

In November, China’s total import and export value was 2.6 trillion yuan, an increase of 12.6%. Among them, exports were 1.43 trillion yuan, up 10.3%; imports were 1.17 trillion yuan, up 15.6%; trade surplus was 263.6 billion yuan, narrowing 8.4%.

Exports of plastic products exported in November reached 23.93 billion yuan, a year-on-year increase of 7.6%.

From January to November, China exported 10.562 million tons of plastic products, a year-on-year increase of 12.3%; the export value was 237.75 billion yuan, an increase of 13.3%.

In November, exports were 1.049 million tons, up 10.4% year-on-year; the export value was 23.93 billion yuan, up 7.6% year-on-year.

In January , imports of primary shape plastics reached 30.66 billion yuan, a year-on-year increase of 16.0%.

From January to November, China imported 26.548 million tons of primary-shaped plastics, up 13% year-on-year; the import value was 297.94 billion yuan, up 22.2% year-on-year.

In November, imports were 2.669 million tons, up 11.7% year-on-year; the import value was 30.66 billion yuan, up 16.0% year-on-year.

Expert analysis

This year, China's supply-side structural reforms continued to advance, the modernized economic system accelerated construction, and the innovation-driven development strategy was implemented in depth, laying a solid foundation for foreign trade development.

On the export side, the economic growth in Europe and the United States was more than expected. In November, the prosperity index of overseas countries such as PMI increased from last month. After Europe and the United States, Japan also began to show more obvious signs of improvement, which means that external demand is still improving, and in recent times. Monthly data also reflects strong demand in Asia.

In terms of countries, the growth rates of exports to Europe, the United States and Japan were 14%, 15.2%, and 9.8%, respectively, and exports to ASEAN, South Korea, and BRICS countries were 20.2%, 14.5%, and 20.8%, respectively.

At the same time, the construction of the “Belt and Road” has been further advanced. The mutually beneficial cooperation between China and the rest of the world will be further deepened, and it will also provide a new and broad space for foreign trade development.

In terms of imports, the growth rate of imports in the second half of this year was stronger than expected. First, it was related to the strong demand of China. Second, China’s limited production and production stopped some of its demand through import spillovers. Third, exports strongly increased the demand for intermediate imports. In the third quarter, global commodity prices fell, and the recent shock pattern, taking into account the rapid increase in the base of the same period last year, the contribution of price factors to the scale of imports declined.