China Exports YoY

China’s exports rose by 6.6% yoy to a record peak of USD 357.8 billion in December 2025, surpassing expectations of 3.0% growth and accelerating from a 5.9% gain in November. It marked the strongest growth since September, driven by a surge in exports to non-US markets, as governments have sought to diversify export destinations since Trump’s victory in the November 2024 presidential election and to deepen trade ties with ASEAN and the EU. Among major trading partners, exports grew to ASEAN (11.1%), China's largest trading partner in bloc terms, the EU (11.6%), Latin America (9.8%), Africa (21.8%), Japan (5.3%), Taiwan (11.2%), and Australia (12.9%). However, exports to the US plunged 30% in December after slumping 28.6% in November, and fell 20% for the full year 2025 due to the impact of newly imposed US tariffs, even though the US and China agreed to scale back some of their duties. For the whole of 2025, China’s exports rose 5.5% from a year earlier to USD 3.77 trillion