China's trade surplus has once again surpassed the $1 trillion mark this year, exceeding last year's record of $992 billion. On the global economic map, this figure is also quite incredible.

China's trade surplus breaks the "trillion" mark! Even toy cars are quietly making contributions.

According to official data, in the first 11 months of this year, China's overall exports grew by 5.4% year-on-year, while imports decreased by 0.6%, leading to a trade surplus of $1.07 trillion, surpassing the same period last year.

In November, China's exports in dollar terms grew by 5.9% year-on-year, reaching $330.35 billion, an improvement from the 1.1% decline in October, and exceeding the 3% increase predicted by financial data provider Wind.

In November, China's imports in dollar terms grew by 1.9% year-on-year, reaching $218.67 billion, higher than the 1% increase in October. The trade surplus for the month was $111.68 billion.

Taking a closer look at this report card reveals some interesting details. Although exports to the U.S. have declined for eight consecutive months, with a year-on-year drop of 28.6% in November, other markets are "on fire." The demand for Chinese goods in Africa and the EU surged by 27% and 15%, respectively, while the Southeast Asian market, led by Vietnam, also saw an 8% growth, showcasing the typical "Eastern light shines where the West does not."

Additionally, unexpected categories of export growth are also a highlight. Eurasia Group noted that in terms of export categories, China's motor and semiconductor products showed the strongest growth.

In fact, China's dominance in the low-end chip sector is becoming a new growth engine. In recent years, the global demand for AI chips has surged, squeezing the supply of low-end chips, but has provided Chinese companies with an unexpected opportunity window. An industry insider in electronics stated: "The current situation is that even making toy cars requires chips."

China's trade surplus breaks the "trillion" mark! Even toy cars are quietly making contributions.

However, the balance of trade never permanently tilts to one side. While export data shines, China's imports appear slightly sluggish—down 0.6% year-on-year in the first 11 months. This reflects that the domestic consumption market has not fully "heated up," household spending is cautious, and the internal demand engine still needs more fuel. $BTC $ETH #ETH走势分析 #Ripple拟建10亿美元XRP储备 .