China Posts Record $1.2 Trillion Trade Surplus in 2025 as Exports Defy Expectations
China's trade surplus surged to a historic $1.2 trillion in 2025, fueled by stronger-than-expected export growth and stagnant imports. December exports ROSE 6.6% year-over-year in dollar terms, outpacing both forecasts and November's 5.9% gain. Import growth of 5.7% marked the strongest performance since September.
Trade dynamics with the U.S. continued deteriorating, with December shipments plunging 30% and imports dropping 29% - extending a nine-month contraction streak. For the full year, U.S.-bound exports fell 20% while American imports declined 14.6%.
The EU and ASEAN markets provided counterbalance, with December exports growing 12% and 11% respectively. European imports surged 18%, though Southeast Asian purchases declined 5%.