China has reported the largest trade surplus in global history, underlining the resilience of its export machine despite a year of disruption caused by Donald Trump’s tariffs and trade brinkmanship. Official figures released in Beijing show China recorded a full-year trade surplus of $1.19 trillion (£890bn) in 2025, the first time the country’s surplus has exceeded the $1tn mark. The figure comfortably surpassed the previous record of $993bn set in 2024. Monthly data highlights the...










