FX.co ★ China Trade Surplus Beats Estimates

In August 2025, China's trade surplus reached USD 102.33 billion, exceeding market expectations of USD 99.2 billion and surpassing the USD 91.29 billion recorded in the same period last year. This growth was driven by exports continuing to outstrip imports. Exports rose by 4.4% compared to the previous year, although this was below the anticipated 5% increase and marked a slowdown from the 7.2% growth observed in July. This deceleration was partly due to the waning effects of Beijing's temporary tariff truce. Imports increased by 1.2%, not meeting the projected 3% rise and down from a 4.1% growth in July, as the prolonged downturn in the property sector, increased job insecurity, and reduced consumer-focused stimulus weakened domestic demand. Over the first eight months of 2025, China recorded a total trade surplus of USD 785.3 trillion. During this period, exports increased by 5.9% year-on-year, while imports declined by 2.2% compared to the corresponding span in 2024.