China's trade surplus widened significantly to USD 114.77 billion in June 2025, up from USD 98.94 billion in the same period a year earlier, and exceeding market expectations of USD 109 billion, as exports outpaced imports. Exports rose by 5.8% year-on-year, slightly above the forecast of 5.0%, and up from 4.8% growth in May. Meanwhile, imports increased by 1.1%, slightly below the expected 1.3%, but rebounded from a 3.4% decline in May. China’s trade surplus with the US widened to USD 26.57 billion in June, up from USD 18 billion in May. For the first half of 2025, China recorded a total trade surplus of USD 586 billion, with exports advancing 5.9%, while imports declined 3.9% compared to the same period in 2024.