{"id":232874,"date":"2026-01-14T14:49:13","date_gmt":"2026-01-14T14:49:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/232874\/"},"modified":"2026-01-14T14:49:13","modified_gmt":"2026-01-14T14:49:13","slug":"chinas-trade-surplus-surges-to-new-highs-on-strong-end-to-2025-snaps","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/232874\/","title":{"rendered":"China\u2019s trade surplus surges to new highs on strong end to 2025 | snaps"},"content":{"rendered":"<p>Arguably, the bigger surprise of the December report was that China\u2019s imports grew by 5.7% YoY in December, up from 1.9% in November &#8212; much stronger than expected. Overall, imports lagged in 2025, ending the year flat at 0.0% YoY.<\/p>\n<p>By import origination, China\u2019s imports rose the most from Indonesia (15.6%), Singapore (14.7%), India (9.7%), and the Netherlands (8.8%) in 2025. In contrast, the trade war with the US resulted in a -14.6% YoY drop in imports from the US. We also saw contractions in imports from Malaysia (-20.4%), Canada (-10.4%), and Australia (-7.5%) amid various tariff developments.<\/p>\n<p>By product, China\u2019s imports have been rather concentrated in its tech race efforts. Hi-tech imports rose by 9.3% YoY, with strong imports of automatic data processing equipment (18.2%), and semiconductors (10.1%). We saw steep drop-offs in auto imports (-39.7%) as well as crude oil (-8.8%) as domestic electric vehicles continue to dominate the market, and imports of construction-related products such as steel (-10.7%) and lumber (-13.9%) fared poorly on the year.<\/p>\n<p>A sustained acceleration in imports could go a long way toward alleviating pressure on, and from, China\u2019s key trading partners.<\/p>\n","protected":false},"excerpt":{"rendered":"Arguably, the bigger surprise of the December report was that China\u2019s imports grew by 5.7% YoY in December,&hellip;\n","protected":false},"author":2,"featured_media":232875,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-232874","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/232874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=232874"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/232874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/232875"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=232874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=232874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=232874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}