The 2025 record showed that the world’s second-largest economy remained resilient despite facing steep Trump administration tariffs that slashed its exports to the U.S.

China’s surplus reached $1.19 trillion last year, a 20 percent increase from 2024, as Beijing kept the currency weak and pursued self-reliance to replace imports.

China’s trade surplus surged to a record of almost $1.2 trillion in 2025, the government said Wednesday, as exports picked up in December.

Taiwan reported a record annual trade surplus with the US, a figure that could complicate the two sides’ already drawn-out tariff negotiations.

China has announced a more than trillion-dollar trade surplus that poses a greater danger to world commerce than Trump’s tariffs.

What happened in 2025 reveals a massive pivot in global trade flows. The tariffs did bite where they were intended: China’s direct exports to the US plummeted by 20% last year, and imports into China from the US fell by 14.6%. But while the front door to the American market was closing, China found other routes.

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