China says trade surplus surpassed US$1tn in October

China's trade surplus surpassed US$1 trillion in October, marking the second consecutive year that the figure has exceeded that amount, according to official data released by the General Administration of Customs. Total imports and exports grew by 20 percent year on year over the first 10 months of 2026, with exports increasing by 35.2 percent to US$412.3 billion and imports expanding by 41.6 percent to US$307.1 billion.

Analysts expect China to surpass the record US$1.2 trillion surplus it achieved last year, with strong export growth anticipated, particularly in electronics and automobiles. However, the country's reliance on exports leaves its economy vulnerable to any slowdown in global demand, with the outlook for exports expected to accelerate further in the fourth quarter before slowing down from the first quarter of 2027.

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