{"id":433167,"date":"2025-12-08T11:51:11","date_gmt":"2025-12-08T11:51:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/433167\/"},"modified":"2025-12-08T11:51:11","modified_gmt":"2025-12-08T11:51:11","slug":"chinas-2025-trade-surplus-tops-1-trillion-on-surging-exports","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/433167\/","title":{"rendered":"China’s 2025 trade surplus tops $1 trillion on surging exports"},"content":{"rendered":"

HONG KONG (AP) \u2014 China\u2019s exports returned to growth in November after an unexpected contraction in October, pushing its trade surplus in dollar terms for 2025 past the $1 trillion mark for the first time, according to data released Monday.<\/p>\n

Exports climbed 5.9% from a year earlier in November while imports rose just under 2%. <\/p>\n

The customs data released on Monday also showed that shipments to the U.S. dropped nearly 29% year-on-year. But as trade with the U.S. weakens, China is diversifying its export markets throughout Southeast Asia, Africa, Europe and Latin America. <\/p>\n

China\u2019s exports had contracted just over 1% in October. <\/a> November\u2019s worldwide exports of $330.3 billion exceeded economists\u2019 estimates. Imports totaled $218.6 billion for the month. <\/p>\n

The nearly $1.08 trillion trade surplus for the first 11 months of this year is a record high, surpassing the $992 billion surplus for all of 2024, based on official data compiled by FactSet. <\/p>\n

While exports from China to the U.S. have fallen for most of the year, shipments have surged to other destinations, including Southeast Asia, Latin America, Africa and the European Union.<\/p>\n

A year-long trade truce<\/a> between China and the U.S. was reached at a meeting between U.S. President Donald Trump and Chinese leader Xi Jinping in late October in South Korea. The U.S. has lowered its tariffs on China, and China has promised to halt its export controls related to rare earths.<\/p>\n

\u201cIt\u2019s likely that November exports have yet to fully reflect the tariff cut, which should feed through in the coming months,\u201d ING Bank chief economist for Greater China Lynn Song wrote in a report.<\/p>\n

China\u2019s factory activity contracted for an eighth straight month<\/a> in November, according to an official survey, and economists said it was still early to determine whether there was a real rebound in external demand following the U.S.-China trade truce. <\/p>\n

With exports still going strong, economists generally expect China to meet its target of around 5% annual growth for this year.<\/p>\n

Chinese leaders outlined a focus on advanced manufacturing for the next five years following a high-level meeting<\/a> in October.<\/p>\n

An annual meeting was held on Monday, led by Xi, to map out plans for 2026, according to the Xinhua state news agency. It said Chinese leaders reiterated a focus on \u201cpursuing progress while ensuring stability.\u201d<\/p>\n

A readout from Xinhua said China needs to better coordinate its domestic economic work in the face of global \u201ctrade struggles.\u201d <\/p>\n

The recent stabilization of trade relations with Washington is unlikely to last long, said Chi Lo, Global Market Strategist, BNP Paribas Asset Management, as China-U.S. relations \u201cremain in a stalemate\u201d despite their temporary trade truce.<\/p>\n

Still, some economists believe that China will continue to gain export market share in coming years.<\/p>\n

Morgan Stanley predicts by 2030, China\u2019s market share in global exports will reach 16.5%, up from about 15% currently, fueled by its edge in advanced manufacturing and high-growth sectors such as electric vehicles, robotics and batteries.<\/p>\n

\u201cDespite persistent trade tensions, continued protectionism, and G20 economies taking up active industrial policies, we believe China will gain more share in the global goods export market,\u201d Morgan Stanley Chief Asia Economist Chetan Ahya said in a recent note.<\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG (AP) \u2014 China\u2019s exports returned to growth in November after an unexpected contraction in October, pushing…\n","protected":false},"author":3,"featured_media":433168,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[7779,59906,64,74,69,79,440,57,13790,13201,4217,16618,67,132,68,107,11762],"class_list":{"0":"post-433167","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-africa","9":"tag-bnp-paribas-sa","10":"tag-business","11":"tag-china","12":"tag-donald-trump","13":"tag-economy","14":"tag-europe","15":"tag-general-news","16":"tag-international-trade","17":"tag-morgan-stanley","18":"tag-south-america","19":"tag-tariffs-and-global-trade","20":"tag-united-states","21":"tag-unitedstates","22":"tag-us","23":"tag-world-news","24":"tag-xi-jinping"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115683805483530150","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/433167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=433167"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/433167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/433168"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=433167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=433167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=433167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}