Martian2
SENIOR MEMBER
- Joined
- Dec 15, 2009
- Messages
- 5,809
- Reaction score
- -37
China's November 2015 trade surplus is $53.6 billion
China's monthly trade surplus hovers between $50 billion to $60 billion.
China's November 2015 trade surplus is 343 billion Yuans (see news article below).
343 billion Yuans / 6.4 Yuans per US dollar = $53.6 billion November trade surplus
The good news is that the Brent oil price is still dropping. If Brent oil reaches $20 per barrel, China should be able to add another $100 billion to its annual trade surplus! Brent should keep dropping, because Iran is about to unload its 50 million barrels of surplus crude oil inventory (that had built up during the years of sanctions).
Also, current oil production is 2 million barrels in excess of daily worldwide demand.
China's 2015 total merchandise trade surplus should be about $600 billion.
Next year, China's 2016 trade surplus could be $700 billion!
----------
China trade surplus shrinks in Nov, exports drop further
China's monthly trade surplus hovers between $50 billion to $60 billion.
China's November 2015 trade surplus is 343 billion Yuans (see news article below).
343 billion Yuans / 6.4 Yuans per US dollar = $53.6 billion November trade surplus
The good news is that the Brent oil price is still dropping. If Brent oil reaches $20 per barrel, China should be able to add another $100 billion to its annual trade surplus! Brent should keep dropping, because Iran is about to unload its 50 million barrels of surplus crude oil inventory (that had built up during the years of sanctions).
Also, current oil production is 2 million barrels in excess of daily worldwide demand.
China's 2015 total merchandise trade surplus should be about $600 billion.
Next year, China's 2016 trade surplus could be $700 billion!
----------
China trade surplus shrinks in Nov, exports drop further
Last edited: