China's exports surge in September

China's exports reached 400 billion euros in September, marking a 36% increase compared to the same period last year. This growth was the highest in nearly a decade and was driven by strong demand for Chinese goods in global markets.

Trade surplus hits new heights

China's trade surplus for September was 119 billion euros, and the cumulative surplus for the year reached 837 billion euros. This suggests that China may set a new record for its annual trade surplus in 2026.

European trade deficit grows with China

The European Union's trade deficit with China has grown significantly, with the EU's trade deficit increasing by 52.3% compared to September 2025. France and Germany saw their trade deficits with China rise by 252% and 202%, respectively.

U.S. trade deficit with China deepens

Despite U.S. tariffs on Chinese goods, China's exports to the United States rose by 39.6% in September. This led to a 12% increase in the U.S. trade deficit with China since the beginning of the year.

EU imports more Chinese goods

According to Eurostat, the EU imported 559.4 billion euros worth of Chinese goods in 2025 but exported only 199.6 billion euros, creating a deficit of 359.8 billion euros. In the first two months of 2026, Chinese exports to the EU rose by 27.8%.

EU seeks to curb Chinese car imports

The European Union has taken steps to address its growing trade deficit with China, including an agreement to limit the number of Chinese hybrid vehicles entering the European market to 350,000 per year. The EU describes the current trade imbalance as "unsustainable."

Chinese exports shift to high-tech goods

Chinese exports are increasingly focused on high-tech products like semiconductors and computer equipment. While the volume of integrated circuit exports rose only 1%, their value increased by 136%, and vehicle exports grew by 56.3% year-on-year.

EU faces challenges in balancing trade

Some European countries want to impose stricter measures against Chinese trade, but others are concerned about potential retaliation from China. The EU also depends heavily on China for rare earth magnets, with 98% of its supply coming from the country.

China's economy relies on exports

China continues to depend on exports to meet its growth target of 4.5% to 5%, as domestic consumption remains weak. The rise of artificial intelligence and China's technological production capabilities are boosting exports of computer equipment, while traditional sectors like clothing and toys are struggling.