In November 2025, China's foreign trade achieved steady growth, with total import and export value reaching $549.03 billion, up 4.3% year-on-year. Exports stood at $330.35 billion, surging 5.9% year-on-year—demonstrating sustained resilience and recovery momentum observed throughout the year. The stronger export growth, significantly outpacing overall trade expansion, reflects improving external demand and enhanced competitiveness driven by ongoing upgrades in domestic manufacturing. Imports totaled $218.67 billion, rising 1.9% year-on-year—much slower than exports—indicating that domestic demand recovery remains moderate. Weak import performance has constrained further expansion of the trade surplus, underscoring the current structural imbalance: strong external demand but relatively weak domestic consumption. Driven by robust exports, the trade surplus expanded to $111.68 billion in November, a new annual high. This trend highlights China’s continued solid position in global supply chains, particularly in emerging sectors such as new energy and high-end manufacturing. Looking ahead, as the global economy stabilizes and domestic demand improves in tandem, China’s foreign trade is expected to maintain stable growth on a higher base.