China's trade surplus surpasses $US1 trillion for second straight year

China's trade surplus surpasses $US1 trillion for second straight year

Chinese exports surged 35 per cent last month, with the country on track to surpass the $US1.2 trillion trade surplus it achieved last year.

China is on track to surpass its record $US1.2 trillion ($1.7 trillion) trade surplus, with new data showing it surpassed $US1 trillion in the 10 months to October.

Exports jumped 35.2 per cent year-on-year to $US412.3 billion last month.

Chinese exports to the US also grew more than 32 per cent.

China's trade surplus ballooned to more than $US1 trillion ($1.4 trillion) in the 10 months to October, official data shows, with the country reaching the milestone even earlier than 2025's record-breaking sum.

The figures come ahead of talks between China President Xi Jinping and his US counterpart Donald Trump at the Asia-Pacific Economic Cooperation (APEC) summit in China next week, when trade tensions will likely loom large.

Exports from the world's second-largest economy have surged in recent months, driven in part by soaring global demand for AI-related products including computer chips, data centre servers and networking equipment.

The trade boom has offered Beijing a key economic lifeline as domestic activity is weighed down by longstanding woes in the once-roaring property sector.

Exports jumped 35.2 per cent year-on-year to $US412.3 billion last month, according to the General Administration of Customs (GAC), while imports expanded 41.6 per cent to $US307.1 billion.

The figures brought China's total trade surplus during the first 10 months to a towering $US1.04 trillion, according to the…

In brief

China is on track to surpass its record $US1.2 trillion ($1.7 trillion) trade surplus, with new data showing it surpassed $US1 trillion in the 10 months to October. Exports jumped 35.2 per cent year-on-year to $US412.3 billion last month. The figures brought China's total trade surplus during the first 10 months to a towering $US1.04 trillion, according to the…

This is the opening of the story, shared with credit to ABC News Australia. The rest of the report — with every detail — continues on the publisher’s website.

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