One way of looking at China\u2019s trade economy in December and for the full 2025 year is its export surge, amplified by a weak currency, deflation at home, and inflation in most of the rest of the world. China pumped up total monthly exports 6.6% to $357.8 billion in December from $335.6 billion over the same period in 2024. <\/p>\n\n\n\n
Here\u2019s another angle: Washington\u2019s efforts to crimp Beijing\u2019s industrial sector have resulted in diminished U.S.-China trade, but even bigger Chinese surpluses with the rest of the world, and evolutions in global trade that are simply leaving America behind. For the full year, China exported $3.8 trillion worth of goods. Minus imports, that made for a total surplus of $1.19 trillion, the biggest in recorded economic history. <\/p>\n\n\n\n
Chinese officials themselves have drawn direct links between U.S. policy and its surplus, saying in effect that without tariffs, Beijing would have bought more goods from the rest of the world. \u201cSome countries have politicized economic and trade issues and restricted exports of high-tech products to China for various reasons; otherwise, we would have imported even more,\u201d Wang Jun, a Chinese trade official, told reporters Wednesday. <\/p>\n\n\n\n
According to the Petersen Institute for international economics, U.S. tariffs on Chinese exports average around 47%, while China’s average tariffs on US exports are around 32%.<\/p>\n\n\n\n
The Chinese export juggernaut needs markets like nature abhors a vacuum, and it\u2019s found new landing places for its voluminous container ships. Exports to the European Union increased 11.5% in December to $51.9 billion. Exports to Germany increased 13% to $11 billion. By comparison, exports to the U.S. fell 30.2% to $34.2 billon. We are seeing the wheels of human economic history turn in real time. Global trade is still inching upward every year. The rest of the world is getting on with it, leaving the U.S. behind. While ports on the East and West coasts slow their activity, they\u2019re busy in Asia, Europe, Latin America and Africa. Exports to ASEAN nations increased 11.3% to $66.4 billion, including a 20.4% jump to Vietnam to $18.9 billion; shipments to Latin America rose 9.8% to $25.7 billion; and sales to India increased 22.1% to $12.8 billion.\u00a0\u00a0<\/p>\n\n\n\n
The story of global trade right now is geopolitics. It\u2019s the jolt of the U.S. away from its post-war free trade consensus. There is another story we\u2019ve discussed here that is less surprising but still ongoing. It\u2019s the move of China and other Asian countries up the value chain, away from toys and shoes and into tech and cars. At the same time, countries like Egypt, Bangladesh and Cambodia continue to build up their apparel and textile exports. <\/p>\n\n\n\n
In December, Chinese exports of high-tech products increased 16.7% to $93.7 billion. Sales of motor vehicles increased 73.2% to 994,000. By value, they rose 71.7% to $17.1 billion. Exports of toys fell 19.4% to $2.7 billion. Shipments of footwear dropped 17.4% to $3.9 billion. <\/p>\n\n\n\n
On the import side, China ramped up purchases 5.7% to $243.6 billion from $230.5 billion. The relationship with the EU seems more two-sided than in the past. Imports from the EU rose 17.9% to $26.9 billion, while purchases from the U.S. plummeted 28.6% to $10.9 billion. Imports from Germany increased 13.6% to $8.9 billion. Imports from Latin America increased 26.8% to $24.4 billion. Imports from India rose 56.5% to $2.2 billion.<\/p>\n\n\n\n
Buying more from Europe and Latin America was also at the expense of some Asian neighbors. Imports from ASEAN countries fell 5.1% to $35.7 billion. Even imports from Vietnam were flat at $9.5 billion. <\/p>\n\n\n\n
Imports of high-tech products rose 13.6% to $82.6 billion. Purchases of soybeans increased 4.7% to $3.9 billion. China still needs a protein supply, and it\u2019s getting it from Brazil instead of the U.S.<\/p>\n\n\n\n
One sign the Chinese economy is doing just fine: China ramped up purchases of natural resources. It increased quantities of imports of iron ore by 6.5%, copper 7.3%, coal 11.9%, oil 17.4%, and natural gas 90.2%.<\/p>","protected":false},"excerpt":{"rendered":"
Una forma de analizar la econom\u00eda comercial de China en diciembre y para todo el a\u00f1o 2025 es su aumento de las exportaciones, amplificado por una moneda d\u00e9bil, la deflaci\u00f3n interna y la inflaci\u00f3n\u2026<\/p>","protected":false},"author":5,"featured_media":12335,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[184,171,155,191,221,212,170],"industry":[139,197,176,140,216,196,141,168,142,166,143,154,213,215,158,153],"region":[185,144,146,145,147,167,151,148,152],"class_list":["post-12333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-agriculture","tag-asean","tag-china","tag-electric-vehicles","tag-europe","tag-smartphones","tag-u-s","industry-ag","industry-aluminum","industry-automotive","industry-chemicals","industry-coal","industry-electric-vehicles","industry-energy","industry-high-tech","industry-manufacturing","industry-military","industry-minerals","industry-mining","industry-smartphones","industry-smartphones-2","industry-steel","industry-textiles","region-africa","region-asia-pacific","region-china","region-europe","region-india","region-russia","region-south-america","region-u-s","region-vietnam"],"acf":[],"yoast_head":"\n