Arabic version: الفائض التجاري الصيني يتجاوز تريليون دولار خلال عشرة أشهر

According to Cnbc, China’s trade surplus reached $1.04 trillion in the first 10 months through October, surpassing $1 trillion faster than ever before. The figure already approached the record $1.2 trillion surplus recorded for all of 2025, when China first crossed the $1 trillion threshold.

October exports rose 35.2% from a year earlier, beating Reuters-polled economists’ expectation for a 33.5% increase, though the pace eased from 36.3% in September. Imports climbed 41.6%, the strongest increase since May 2021 and well above analysts’ 32% forecast. The growth in imports was linked to technology-related goods, critical minerals including copper, and energy supplies such as liquefied natural gas, oil and coal.

High-tech product imports increased 72% in value terms in October from a year earlier, based on CNBC calculations of official data. By value, imports of crude oil, LNG and coal grew about 41%, 50% and 60%, respectively. Lynn Song, chief economist for Greater China at ING Bank, said China remained on pace for a new record trade surplus by year-end despite an October miss.

The data renews pressure on Beijing to strengthen domestic demand and rebalance an economy still reliant on exports. Retail sales rose 1.1% in September, while global demand for Chinese-made AI hardware has supported exports. Analysts said trade growth could moderate as favorable base effects fade, global AI investment slows, trade tensions with Europe continue and the U.S.-China trade truce is scheduled to expire in January.