China’s foreign trade expanded by 3.6% in the first 11 months of 2025, reaching 41.21 trillion yuan. Exports led the growth with a 6.2% increase, while imports grew modestly by 0.2%. Analysts attribute the rebound to steady restocking in global markets and a gradual recovery in manufacturing activity.
ASEAN remained China’s largest trading partner with 6.82 trillion yuan in bilateral trade, followed by the EU at 5.37 trillion yuan. Trade with the US fell sharply by 16.9% to 3.69 trillion yuan. Meanwhile, trade with Belt and Road Initiative partner countries rose 6%, accounting for more than half of China’s total foreign trade.
Chinese private enterprises contributed strongly, reporting a 7.1% year-on-year increase in foreign trade. The overall data reflects China’s resilient trade engine and emphasizes the growing significance of regional partnerships and the BRI in supporting sustainable trade growth.
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