China's trade surplus surpasses $1 trillion for second year as exports surge 35%

China's trade surplus exceeded $1 trillion for the second consecutive year, according to official customs data reported by mymotherlode.com and euronews.com.

Exports in October surged 35.2% year-on-year, reaching $412.3 billion, fueled by strong demand for high-tech products such as computer chips and automobiles, the customs agency said.

Imports also increased significantly, rising 41.6% to $307.1 billion in October, partly due to a recovery in crude oil shipments from the Persian Gulf.

Between January and October, China recorded a $1.04 trillion trade surplus, with the October surplus narrowing to $105.3 billion from $133.5 billion in September as imports grew faster.

Experts cited by mymotherlode.com expect exports to remain strong through the rest of the year, led by electronics and autos, though growth may slow in 2027.

The trade boom has provided Beijing with an economic lifeline amid weak domestic demand and challenges in the property sector, according to euronews.com.

The data comes ahead of an upcoming meeting between China's President Xi Jinping and US President Donald Trump at the Asia-Pacific Economic Cooperation summit in China next week.