China's trade surplus tops $1 trillion for second year as AI exports surge

Briefing by News4U · First published 2026-11-10 07:30:51 UTC

China's trade surplus reached $1.04 trillion in the first 10 months of 2026, topping $1 trillion for the second consecutive year, as exports jumped 35.2% in October driven by AI-related demand for semiconductors and high-tech products, offsetting weak domestic consumption and a property slump. Exports of semiconductors surged 111.1% year-on-year in the first 10 months while overall high-tech shipments jumped 47.9%. Imports rose 41.6% in October, beating forecasts, and the surplus with the US narrowed slightly to $32.71 billion. Beijing and Washington extended a trade truce by two months. [1] [2]

Sources

1. China’s trade surplus soars past $1 trillion as AI boom powers exports

   The Japan Times · 2026-11-10 07:16:00 UTC · Summary only

2. China's trade surplus soars past $1 trillion on AI boom

   RTÉ Business · 2026-11-10 07:25:14 UTC · Full text

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