China's foreign trade expands by 3.6% in first 11 months

China's foreign trade expands by 3.6% in first 11 months

China's foreign trade expands by 3.6% in first 11 months

2025-12-09 21:36:50

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China's Foreign Trade Engines Rev Up 5 Key Takeaways from November's Data

China's foreign trade growth has accelerated, with total merchandise trade rising by 3.6% year-on-year to reach 41.21 trillion yuan ($5.83 trillion) in the first 11 months of 2025. This upward trend continued in November, with a growth rate of 4.1% year-on-year.

Key Insight #1 Trade Growth Accelerates

China's foreign trade growth has accelerated in the first 11 months of 2025, with total merchandise trade rising by 3.6% year-on-year to reach 41.21 trillion yuan ($5.83 trillion). This upward trend continued in November, with a growth rate of 4.1% year-on-year.

Key Insight #2 Export Strength Drives Growth

China's exports were a key driver of this growth, reaching 24.46 trillion yuan and increasing by 6.2% year-on-year. Imports, on the other hand, grew more modestly at 0.2% to reach 16.75 trillion yuan. The strong competitiveness of Made in China products and ongoing industrial upgrade contributed to this export-driven growth.

Key Insight #3 Diversification Pays Off

China's foreign trade has become increasingly diversified, with Asean remaining the country's largest trading partner. In November alone, exports to non-US markets surged, driven by manufacturers deepening ties with the rest of the world.

Key Insight #4 Tariff Impact Still Felt

Despite the overall growth, China's trade with the US still showed a significant decline of 16.9% year-on-year to reach 3.69 trillion yuan in the January-November period. The continued impact of US tariff policies on trade is a clear indication that more needs to be done to address these concerns.

Key Insight #5 Robust Growth Ahead

Economists predict that China's total foreign trade this year will reach around 45 trillion yuan, setting a new record. With more countries entering interest-rate-cutting cycles and global demand for Chinese goods expected to increase, the outlook is bright for China's foreign trade prospects in 2026.

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Edward Lance Arellano Lorilla

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Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.

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