China’s surplus, the value of goods and services it sold abroad relative to imports, reached $1.19 trillion, up 20 percent from 2024, according to data released by the General Administration of Customs of China.
The number had already surpassed one trillion dollars by November. The country’s surplus continues to grow: in December alone, China’s surplus reached $114.14 billion, fueled by a surge in exports to the European Union, Africa, Latin America and Southeast Asia.
It was the third largest monthly surplus in history, just behind January and June last year.
The huge trade surplus for the full year came despite President Trump’s efforts to use tariffs to rein in Chinese factories.
Tariffs cut China’s trade surplus with the United States by 22 percent last year.
Chinese factories have, however, increased sales to other regions, in many cases circumventing US tariffs by sending goods to the United States via Southeast Asia and other regions, the New York Times reports.
(Vijesti.ba / Fena)
