According to Euronews, the growth in exports was driven by global demand for AI-related goods: computer chips, data center servers, and network equipment. In October, exports rose by 35.2% year-on-year to $412.3 billion, while imports increased by 41.6% to $307.1 billion.
Exports to the United States grew by 32.9% in October. The trade surplus with the European Union for the first ten months reached $310.7 billion, compared to $241.6 billion for the same period last year.
A surplus is the difference between the value of exports and imports when exports exceed imports. Last year's full-year result remains a record at $1.2 trillion; as Euronews notes, China is on track to surpass it this year.
