China records US$1.19 trillion trade surplus in 2025

China's exports rose 5.5 percent in 2025 to US$3.77 trillion, while imports stayed flat at US$2.58 trillion, yielding a record trade surplus of US$1.19 trillion. The performance beat forecasts despite trade headwinds, fueled by diversification into markets like Asean and Africa. Officials attribute the strong results to supportive policies and the country's industrial depth.

China's exports outperformed expectations in 2025, defying a year of trade tensions as manufacturers diversified markets to offset a sharp drop in shipments to the United States, securing a record annual surplus of US$1.19 trillion.

Customs data released on Wednesday showed exports grew 5.5 per cent year on year to US$3.77 trillion, surpassing the 5 per cent increase projected by financial data provider Wind. Imports for the period held steady at US$2.58 trillion, beating Wind's estimate of a 0.09 per cent decline.

In December alone, outbound shipments increased 6.6 per cent, topping Wind's 2.2 per cent forecast and exceeding November's 5.9 per cent rise. Monthly imports climbed 5.7 per cent year on year, better than the anticipated 0.3 per cent dip and up from November's 1.9 per cent growth.

Wang Jun, vice-minister of the General Administration of Customs, credited the robust export performance amid trade headwinds to supportive policies and China's industrial depth. He noted these elements bolstered resilience through a turbulent period.

The surplus was driven by surging shipments to Asean and Africa, which compensated for losses in the US market. Chinese leaders are emphasizing efforts to stimulate domestic demand to underpin growth prospects into 2026.

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Illustration of China's record Q1 foreign trade growth, depicting a busy port with ships, cranes, and surging trade graphs.
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China's Q1 foreign trade up 15%, fastest in five years

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China's foreign trade reached 11.84 trillion yuan ($1.63 trillion) in the first quarter of 2026, up 15% year on year, the fastest quarterly growth in nearly five years, officials from the General Administration of Customs announced on Tuesday. Exports totaled 6.85 trillion yuan, up 11.9%, while imports rose 19.6% to 4.99 trillion yuan. The figure marks the first time first-quarter trade has exceeded 11 trillion yuan.

China-Russia bilateral trade surpassed $200 billion for the third consecutive year in 2025, reaching $227.9 billion, according to a Chinese commerce ministry official.

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China's economy posted a steady recovery in the first four months of 2026, with key indicators rebounding and new growth drivers gaining momentum.

South Korea's exports exceeded $85.89 billion in April, topping $80 billion for the second consecutive month. The figure jumped 48 percent from a year earlier, driven by robust semiconductor shipments. The trade surplus reached $23.77 billion, marking the second straight month above $20 billion.

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South Korea's exports reached $86.13 billion in March, breaching the $80 billion mark for the first time ever. According to data from the Ministry of Trade, Industry and Resources, this represents a 48.3 percent increase from a year earlier. Record semiconductor shipments drove the surge.

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