China’s Record $1 Trillion Trade Surplus: How Beijing’s Export Machine Is Reshaping the Global Economy in 2025
China’s goods trade surplus for January–November 2025 surpassed $1 trillion for the first time, reaching about $1.07–1.08 trillion, customs data showed. November exports rose 5.9% year-on-year to $330.3 billion, while imports increased just 1.9%. Shipments to the US fell nearly 29%, but exports to the EU, Southeast Asia, and Australia climbed sharply. The monthly surplus hit $111.7 billion, the highest in five months.