Abstract : China's automobile imports and exports expanded further in November, according to data provided by the China Association of Automobile Manufacturers (CAAM).
BEIJING, Dec. 27 (Xinhua) — China’s automobile imports and exports expanded further in November, according to data provided by the China Association of Automobile Manufacturers (CAAM).
Last month, the import and export volume of automobile commodities totaled 16.3 billion U.S. dollars, up 6.3 percent month on month, said the CAAM, citing customs data.
Auto imports rose 2.4 percent month on month to 8.53 billion U.S. dollars in November, while exports climbed by 11 percent to 7.77 billion dollars during the period.
In the first 11 months of the year, auto imports and exports totaled 134.67 billion U.S. dollars, down by 6.3 percent year on year but the decline narrowed 1.7 percentage points from the decrease in the January-October period, said the CAAM.
China’s auto market, hit hard by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, according to the CAAM. Enditem
About Xinhua Silk Road
Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).
Source: China’s auto imports, exports grow further in November