China’s Exports Rose 36% in September
China’s trade surplus reached $938 billion in the first nine months of the year. Faster-than-expected export growth in September has increased the likelihood that the country will surpass the annual record set last year.
China’s trade surplus reached $938 billion in the first nine months of the year. Faster-than-expected export growth in September has strengthened the country’s prospects of surpassing the annual record set last year.
According to China’s General Administration of Customs, exports rose 36% in September compared with the same month last year, marking the fastest growth rate since February. Exports increased by 25% in August, while imports rose 31% in September.
China’s trade surplus reached $133.5 billion in September, exceeding analysts’ forecast of $117.8 billion. Current figures indicate that the cumulative surplus could surpass the $1 trillion mark.
Amid US tariff policies, Chinese companies are turning to alternative export markets. Global demand for artificial intelligence technologies and chips is also supporting exports. However, China’s growing trade surplus is raising concerns among the European Union and other trading partners.
In September, China’s trade surplus with the European Union increased by approximately 21% year-on-year, reaching a record $34.8 billion.