U.S. and EU Drive 61% of China’s Trade Surplus in 2024 Despite Modest 24%

In 2024, China's trade surplus was heavily driven by the U.S. and EU, which accounted for 61.3% of the total surplus. Despite their significant impact, these regions represented only 23.9% of China’s total trade. Exports to the U.S. and EU comprised 29.1% of China’s exports, while imports from these regions accounted for just 16.7%.