China's Trade Surplus Reaches Record High Amid Trump Tariffs
China's trade surplus has surged by 20% to a record-breaking $1.2 trillion in 2025, surpassing its previous peak of over $992 billion in 2024, despite the impact of US President Donald Trump's tariffs on exports. According to customs data released by China, exports rose by 5.5% to $3.77 trillion in 2025, while imports remained flat at $2.58 trillion.
The surge in exports can be attributed to a strong demand for computer chips and other electronic devices, as well as car exports that grew last year. However, the decline in shipments to the US has been largely offset by increased sales to other countries such as South America, Southeast Asia, Africa, and Europe.
Exports to Africa surged 26% in 2025, while those to Southeast Asian countries jumped 13%, and to the European Union 8%. Car exports also grew last year. Analysts attribute this growth to strong global demand for these products.
China's trade surplus has been a source of concern for some countries that fear a flood of cheap imports is damaging local industries. However, China's economic team remains optimistic about its exports supporting the country's economy in 2026, despite trade friction and geopolitical tensions.
"We continue to expect exports to act as a big growth driver in 2026," said Jacqueline Rong, chief China economist at BNP Paribas. Economists expect domestic demand growth to stay tepid, with some predicting that China's imports will slow down further this year.
China's trade surplus has been one of the main drivers of its economic growth, helping the country maintain an annual growth rate close to its official target of 5%. However, critics argue that the government needs to take steps to address its economic imbalances and boost domestic demand to sustain long-term growth.
China's trade surplus has surged by 20% to a record-breaking $1.2 trillion in 2025, surpassing its previous peak of over $992 billion in 2024, despite the impact of US President Donald Trump's tariffs on exports. According to customs data released by China, exports rose by 5.5% to $3.77 trillion in 2025, while imports remained flat at $2.58 trillion.
The surge in exports can be attributed to a strong demand for computer chips and other electronic devices, as well as car exports that grew last year. However, the decline in shipments to the US has been largely offset by increased sales to other countries such as South America, Southeast Asia, Africa, and Europe.
Exports to Africa surged 26% in 2025, while those to Southeast Asian countries jumped 13%, and to the European Union 8%. Car exports also grew last year. Analysts attribute this growth to strong global demand for these products.
China's trade surplus has been a source of concern for some countries that fear a flood of cheap imports is damaging local industries. However, China's economic team remains optimistic about its exports supporting the country's economy in 2026, despite trade friction and geopolitical tensions.
"We continue to expect exports to act as a big growth driver in 2026," said Jacqueline Rong, chief China economist at BNP Paribas. Economists expect domestic demand growth to stay tepid, with some predicting that China's imports will slow down further this year.
China's trade surplus has been one of the main drivers of its economic growth, helping the country maintain an annual growth rate close to its official target of 5%. However, critics argue that the government needs to take steps to address its economic imbalances and boost domestic demand to sustain long-term growth.