China's trade surplus tops $1 trillion for second straight year as exports jump 35.2% in October
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- ✓China's trade surplus topped $1 trillion for the second straight year as exports jumped 35.2% in October.
- ✓Strong demand for semiconductors, electronics, and electric vehicles pushed this growth.
- ✓While exports stayed high, imports also surged due to AI needs and energy purchases, despite ongoing supply disruptions linked to the Iran war.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Firstpost
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
China's export boom, led by semiconductors, electronics and electric vehicles, has pushed its trade surplus past $1 trillion for the second consecutive year. Imports have also surged, driven by AI infrastructure demand and energy purchases amid disruptions linked to the Iran war.
China's customs data showed that the cumulative trade surplus reached $1.04 trillion in the first 10 months of 2026, compared with $964.8 billion during the corresponding period last year. The latest milestone puts Beijing on course to surpass the record $1.2 trillion surplus registered in 2025.
The October export growth, however, moderated slightly from the 36.3 per cent expansion recorded in September, while imports accelerated sharply, indicating stronger demand for overseas goods and industrial inputs.
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