China's trade surplus exceeds $1 trillion for a second straight year

October exports rose 35.2% year on year, above a 33.5% Reuters poll forecast, and imports rose 41.6%. The surplus narrowed to $105.3 billion from $133.5 billion in September.

By James Mitchell · Nov 11, 2026, 8:40 AM EST

Why it matters: A second straight year above $1 trillion, even after October's monthly trade surplus narrowed, keeps the scale of China's goods trade imbalance in view.

For information only, not investment advice.

China's trade surplus hit $1.04 trillion through October, a second straight year over $1 trillion.¹ October exports rose 35.2% year on year, above a 33.5% Reuters poll forecast, and imports rose 41.6%.¹² The surplus narrowed to $105.3 billion from $133.5 billion in September.¹

Sources

China’s trade surplus surpasses $1 trillion for a 2nd straight year as exports surge 35%, The Associated Press, via NBC News
China's goods surplus tops $1 trillion for a second year amid calls for Beijing to rebalance trade, CNBC

Tags: china

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