China’s trade surplus reached $1.04 trillion in the first 10 months, with October exports up 35.2 per cent year on year.
China’s trade surplus surged past $1 trillion in the first 10 months as a global race to build AI infrastructure buoyed sales of high-tech products and helped offset weak domestic demand. Customs data showed on Tuesday that exports rose 35.2 per cent in October from a year earlier in US dollar terms, slightly slower than the 36.3 per cent surge in September and ahead of economists’ forecast of 33.5 per cent. The surplus reached $1.04 trillion in the first 10 months, topping $1 trillion for a second consecutive year and reaching the milestone a month earlier than in 2025.
Imports rose 41.6 per cent in October from a year earlier. China’s exports of semiconductors surged 111.1 per cent year on year in the first 10 months, while overall shipments of high-tech products jumped 47.9 per cent.
China’s trade surplus with the US narrowed to $32.71 billion in October from $34.01 billion in September. Beijing and Washington on Monday formally extended by two months a trade truce that had been due to expire on Tuesday.
Joe Peissel, lead macroeconomist at Trivium China, said the risk of additional tariffs and other trade barriers will remain elevated in 2027.
Source: Reuters
