Dec 08, 2021 08:29 AM (GMT+8) · EqualOcean
Guosheng Securities believes that the export in November was better than expected year-on-year, the month on month ratio was stronger than seasonal, and the export amount in a single month hit a record high. Among them, the export of epidemic prevention materials rebounded, the export of mechanical and electrical products was strong, and the completion chain of furniture and lamps fell. Imports in November also exceeded expectations. Energy imports and price factors were the main support, and the contribution of domestic demand increased. In the follow-up outlook, the decline in exports next year in 2022 should be the benchmark situation, but do not underestimate the resilience of exports. Pay attention to the evolution of the epidemic and the changes in China's trade environment.