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 South Korea's record $709.7 billion exports in 2025, showing Busan Port cargo ships, semiconductors, Seoul skyline, and surging trade graphs.
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South Korea's exports hit record $709.7 billion in 2025

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South Korea's exports reached a record $709.7 billion in 2025, surpassing the $700 billion mark for the first time. The surge was driven by strong semiconductor demand, leading to the largest trade surplus since 2017 at $78 billion. Industry Minister Kim Jung-kwan highlighted the economy's resilience amid global challenges.

China's trade performance exceeded expectations at the beginning of 2026, with exports rising sharply. The growth rate reached 21.8% year-on-year for January and February, compared to 5.5% in the previous year. This surge was propelled by key sectors amid global demand.

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China's foreign trade rose 18.3 percent year-on-year to 7.73 trillion yuan in the first two months of 2026, economists say this will underpin the country's growth target and provide stability for the global economy. Exports increased 19.2 percent, while imports grew 17.1 percent, reflecting improved global demand and domestic industrial strengths.

South Korea posted its largest-ever annual current account surplus in 2025, fueled by robust exports amid strong semiconductor demand. According to Bank of Korea data, the surplus reached $123.05 billion, up from $99.97 billion the previous year. This marks a new record, surpassing the prior high of $105.1 billion set in 2015.

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South Korea's exports expanded 23.5 percent year-on-year in the first 20 days of February, driven by strong semiconductor demand. Outbound shipments reached $43.5 billion, resulting in a trade surplus of $4.9 billion. The growth reflects a boom in chip exports fueled by artificial intelligence demand.

Mexico's merchandise exports to the United States hit a record high of $44.5 billion in November 2025, solidifying the country as the top trading partner of the world's largest economy.

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South Korea posted a record $12.24 billion current account surplus in November 2025—the largest for any November on record—supported by robust exports during a semiconductor upcycle, the Bank of Korea said Friday. This marked a sharp rise from October's $6.81 billion and continued monthly surpluses since May 2023. Building on the record $709.7 billion annual exports reported late last year, the January data underscores the year's exceptional external accounts performance.

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