China’s exports returned to growth in November after an unexpected contraction in October, pushing its trade surplus in dollar terms for 2025 past the $1 trillion mark for the first time, according to data released Monday.

Exports climbed 5.9% from a year earlier in November while imports rose just under 2%.

The customs data released Monday also showed that shipments to the U.S. dropped nearly 29% year-on-year. But as trade with the US weakens, China is diversifying its export markets throughout Southeast Asia, Africa, Europe and Latin America.

China’s exports had contracted just over 1% in October. November’s worldwide exports of $330.3 billion exceeded economists’ estimates. Imports totalled $218.6 billion for the month.

The nearly $1.08 trillion trade surplus for the first 11 months

See Full Page