China’s Trade Surplus Reaches a Record of $1 Trillion in 11 Months

Exports to the U.S. reported the eighth consecutive month of decline as shipments to other markets, such as the EU and Australia, soared.

Trucks operating at the Shanghai Port container terminal in Shanghai on Dec. 8, 2025. (Photo by AFP via Getty Images) / China OUT

China’s trade surplus has topped $1 trillion as of November, breaking the full-year record set in 2024, as an outpouring of cheap products floods the global markets amid sluggish demand at home.

Overall sales abroad surged by 5.9 percent in November in U.S. dollar terms compared with the same month last year, according to data released by the Chinese regime’s General Administration of Customs on Dec. 8. It bounced back from a 1.1 percent decline in the previous month—the first drop recorded this year—and beat economists’ projections in a Reuters poll of 3.8 percent growth.