China Exports YoY

China's exports increased by 5.9% year-on-year to an eleven-month high of USD 330.3 billion in November 2025, surpassing expectations for 3.8% growth and recovering from a 1.1% fall in October. The rebound in outbound shipments was boosted by a surge in exports to non-US markets amid governments’ efforts to diversify their export destinations since Trump won last November's presidential election and to deepen trade ties with ASEAN and the EU. Among major trading partners, exports grew to Japan (4.3%), South Korea (1.9%), Taiwan (12.8%), Australia (35.8%), ASEAN (8.2%), and the EU (14.8%), while shipments to the US slumped by 28.6%, even though the US and China agreed to scale back some of their tariffs. Year-to-date, China’s exports rose 5.4% from a year earlier to USD 3.41 trillion. During the period, export growth was recorded in several key product categories, including agricultural products (1.2%), ICs (24.7%), fertilizer (61.5%), textiles (0.9%), cars (16.7%), and LCDs (10.5%).