by supplychainreport
China’s exports returned to growth in November after a slight decline the previous month, pushing the country’s trade surplus past $1 trillion for 2025, according to official data. Exports rose 5.9 percent year-on-year, while imports increased just under 2 percent.
The surge in exports follows a minor contraction in October, when shipments fell just over 1 percent. November’s exports, totaling $330.3 billion, exceeded economists’ expectations, while imports reached $218.6 billion for the month. The trade surplus for the first eleven months of the year reached approximately $1.08 trillion, surpassing the previous record of $992 billion for all of 2024.
Exports to the U.S. fell nearly 29 percent year-on-year in November, but China is increasingly diversifying its export markets across Southeast Asia, Europe, Africa, and Latin America. Economists note that the November data may not yet fully reflect recent tariff adjustments, with potential further positive effects expected in the coming months.
Despite continued challenges in factory activity, which contracted for the eighth consecutive month, policymakers have highlighted advanced manufacturing and domestic consumption as key areas for development. Analysts expect that the country will meet its target of approximately 5 percent annual growth for 2025.
Looking ahead, China aims to continue strengthening its position in global export markets, leveraging growth in high-demand sectors such as electric vehicles, robotics, and batteries. Market observers anticipate that trade diversification strategies will remain central to sustaining export performance and supporting supply chain stability.
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