China Posts $119 Billion August Trade Surplus as U.S. Gap Jumps 44%
Updated
Updated · The New York Times · Sep 8
China Posts $119 Billion August Trade Surplus as U.S. Gap Jumps 44%
3 articles · Updated · The New York Times · Sep 8
Summary
$119.09 billion marked China’s August trade surplus, the fourth straight month above $100 billion and another flashpoint before Trump and Xi meet this month.
25% export growth and 28% import growth drove the surplus, as weak domestic demand and intense competition at home pushed Chinese factories to sell more abroad.
$29 billion was China’s August surplus with the United States, up 44% from a year earlier and the widest since Trump returned to office in January 2025.
$800 billion has already accumulated in China’s trade surplus this year, putting it on track to top last year’s $1.2 trillion as exports keep rising across Southeast Asia, Africa and Canada.