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china’s-trade-surplus-surges-to-record-$1.2-trillion—where-are-the-goods-going?
China’s Trade Surplus Surges to Record $1.2 Trillion—Where Are the Goods Going?

China’s Trade Surplus Surges to Record $1.2 Trillion—Where Are the Goods Going?

Last updated: January 17, 2026 2:47 pm
By
Andrew Moran
1 Min Read
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Last year’s trade surplus represents a 20 percent increase from 2024.

China’s Trade Surplus Surges to Record $1.2 Trillion—Where Are the Goods Going?

Shipping containers are seen at the port in Qingdao, Shandong Province, China, on Aug. 12, 2025. STR/AFP via Getty Images

Andrew Moran

1/16/2026|Updated: 1/16/2026

China posted a record annual trade surplus of $1.2 trillion in 2025 as Beijing navigates a slowing economy at home and President Donald Trump’s sweeping global tariffs.

Exports advanced 6.6 percent in December from a year earlier, rising from the 5.9 percent increase registered in the previous month, according to Chinese customs data released on Jan. 14. This was higher than the market estimate of 3 percent.

Andrew Moran

Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”

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