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8 Dec 2025

International Economy

China’s exports to ASEAN – especially Vietnam and Thailand - posted solid growth in 11M25, driving its trade surplus to a record high (Business Brief No.4221 Full Ed.)

คะแนนเฉลี่ย
  • In November 2025, China’s exports returned to growth at 5.9 percent YoY, after contracting by -1.1 percent in October. 
  • In 11M25, China’s shipments expanded more than expected, pushing its global trade surplus to a historic high of USD 1.07 trillion. 
  • KResearch anticipates that China’s exports may slow in 2026 due to multiple challenges, including the expiration of the US–China trade agreement in November 2026.

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International Economy