In the first half of 2025, China's foreign trade exports reached a new high. Due to the impact of U.S. tariffs, exports to the U.S. declined starting in April and continued until June. However, China's overall exports still maintained a positive rise, with significant contributions from non-U.S. markets.


According to data released by customs, the total import and export volume of China in the first half of 2025 reached 21.8 trillion RMB, setting a new historical record, with a year-on-year growth rate of nearly 3%. Among this, exports exceeded 13 trillion RMB, with a year-on-year increase of 7.2%.
In terms of US dollars, China's total foreign trade import and export volume in the first half of the year exceeded 3 trillion USD, with a rise of nearly 4%. Among them, exports reached 1.8 trillion USD, a year-on-year increase of 5.8%, and imports were 1.22 trillion USD, with a year-on-year growth of over 1%.

Therefore, China's trade surplus reached 586 billion dollars in the first half of the year, setting a record high in human history. Neither Germany nor Japan has ever reached such a height. In the first half of last year, China's trade surplus was 435.2 billion dollars, and this year it has reached a new high, rising by 34% year-on-year.
In 2024, China's trade surplus reached 992.2 billion USD, setting a world record. This year, the surplus has already reached 586 billion USD in the first half of the year, and the surplus in the second half is often higher than that in the first half, expected to exceed 600 billion USD. Therefore, it is not a problem for China to have a trade surplus of over 1 trillion USD in 2025, with an optimistic estimate reaching 1.2 trillion USD.
Next, let's take a look at China-US trade. In the first half of the year, the trade volume between China and the US reached 289.3 billion USD, a year-on-year decrease of 10%. Exports to the US exceeded 200 billion USD, reaching 215.5 billion USD.
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