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China Nov trade surplus dips to $26.3 bln

Business Materials 11 December 2007 08:35 (UTC +04:00)

( Reuters ) - China posted a trade surplus of $26.28 billion in November, compared with a record $27.1 billion in October, the customs administration said on Tuesday.

The surplus, up from $22.9 billion in November 2006, was the same as that disclosed on Monday by a source familiar with the data.

Exports grew 22.8 percent from a year earlier, with imports up 25.3 percent, the agency said on its Web site.

Economists polled by Reuters had expected a surplus of $26.8 billion. They had projected annual export growth of 21.5 percent, with imports up 22.5 percent.

The rolling 12-month surplus increased to $260.3 billion from $256.9 billion in October and $253.7 billion in September.

For the first 11 months of 2007 the surplus came to $238.13 billion, up 52 percent from $156.5 billion in the same period last year. The surplus for all of 2006 was $177.47 billion.

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