World trade: China's trade surplus once again breaks the trillion threshold
Germany and other countries have long been disturbed by China's trade surplus. Now the value has broken through the $1 trillion mark - although this time the country imported unusually large amounts.
China's trade surplus has exceeded $1 trillion for the second consecutive year, reaching $1.04 trillion as of October. The country's exports rose 35.2% in October compared to the previous year, while imports increased by 41.6%. China's trade surplus with Germany is likely to continue growing, with exports to Germany rising 33.5% and imports falling 2.6% in October.
The strong export growth is driven by demand for technology goods and electronics, particularly those related to artificial intelligence. China's trade with the US showed a 32.9% increase in exports and a 35% increase in imports.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- World trade: China's trade surplus exceeds trillion threshold handelsblatt.com
