By Admin 
China Trade Surplus: Amidst the imposition of high tariffs by America, China has crossed its trade surplus of 1 trillion dollars for the first time in November. The main reason for this is that American manufacturers started exporting their products to the markets of Europe, Australia and South-East Asian countries instead of sending their products to America due to high import duties. At the same time, China’s exports to America have reduced to about one-third compared to a year ago.
China’s trade increased
According to Customs Department data released on Monday, China’s total exports in November increased by 5.9 percent on an annual basis. In the same month, China’s trade surplus increased to $111.68 billion, which is the highest since June and has also crossed October’s record of $90.7 billion. Due to this, China’s trade surplus went above 1 trillion dollars for the first time in the last 11 months.
According to Jichun Huang, China Economist of Capital Economics, despite the agreement between the US and China on tariffs, there was no significant improvement in China’s shipments to the US. Experts believe that China’s exports will remain similarly strong in the coming year also. After Trump’s election in 2024, China adopted a strategy to expand its exports to diverse markets, including increasing trade with Southeast Asia and the European Union.
How is China’s trade surplus?
This directly benefited Chinese companies, who strengthened their hold in global markets with low tariffs. At the same time, China’s exports to America decreased by 29 percent in November, while exports to European Union increased by 14.8 percent, to Australia by 35.8 percent and to South Asian countries by 8.2 percent.
This report has come at a time when after the meeting of President Trump and President Xi Jinping in South Korea on October 30, there were positive signals regarding the tariff agreement between the two countries.
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