China’s trade surplus for the first 11 months of 2025 topped $1 trillion for the first time, reports Reuters. This comes as manufacturers seeking to avoid US President Donald Trump’s tariffs shipped more to non-US markets in November, with exports to Europe, Australia and Southeast Asia surging.
Shipments to the United States dropped by close to one-third from the same month a year before. Chinese exports overall grew 5.9% year-on-year in November, customs data showed, a reversal from October’s 1.1% contraction. Imports were up 1.9%, compared with a 1.0% uptick in October.
China’s trade surplus was $111.68 billion in November, the highest since June and up from $90.07 billion recorded the previous month. That was above a forecast of $100.2 billion.