Außenhandel: China überwindet Billionenmarke – und treibt Exporte weiter an

New York – China's exports continue to surge strongly, despite efforts by trading partners like Germany to highlight trade imbalance issues. According to the Chinese customs authority, the surplus for the first ten months of the year broke through the symbolic billion-dollar mark. In concrete terms, it amounted to approximately 1.04 trillion dollars, which is equivalent to around 927 billion euros.

The new customs data shows that exports rose by 35.2 percent compared to the previous year in October. At the same time, imports grew even more steeply by 41.6 percent over the same period. The surplus therefore narrowed slightly, but it still surpassed the billion-dollar threshold since the start of the year. In trade with Germany, China's trade surplus expanded as well: Chinese exports to Germany increased by a significant 33.5 percent compared to the previous year in October, while imports fell by 2.6 percent.

Exports to the European Union (EU) grew by 24.4 percent, while imports fell by more than four percent. The surplus with the EU reached 33.4 billion dollars.