# China's trade surplus hits $938 billion as exports surge

> China's exports grew 36.3% in September, putting it on track to break last year's record trade surplus as the EU and US pressure Beijing to rebalance.
- Title: China's trade surplus hits $938 billion as exports surge
- Summary: China's exports grew 36.3% in September, putting it on track to break last year's record trade surplus as the EU and US pressure Beijing to rebalance…
- Keywords: china, trade surplus, exports, european union, semiconductors, electric vehicles, trade tensions, yuan, economic growth, China's, trade, surplus
- Source: Fortune — https://fortune.com/2026/10/14/chinas-trade-surplus-eu-rebalance
- Author: The Associated Press
- Read time: 1 min
- Topics: china, trade surplus, exports, european union, semiconductors, electric vehicles, trade tensions, yuan, economic growth
## China's exports surge past expectations
China's exports jumped thirty six point three percent in September from a year earlier, accelerating from August's twenty five percent growth and beating economist forecasts.
## High-tech goods drive the growth
Semiconductors and autos have fuelled rising shipments overseas. Between January and September, semiconductor exports soared one hundred eight point one percent year-on-year in value.
## Trade surplus widens to record pace
China recorded a one hundred thirty three point five billion dollar trade surplus in September. For the first nine months, the surplus reached nine hundred thirty eight billion dollars.
## EU and US push back on imbalance
The EU has been struggling with a trade deficit exceeding one point one billion dollars a day with China.

> the EU's push to rebalance directly targets high-value exports
## Currency and AI pose new threats
Policymakers point to a weakened yuan making Chinese exports cheaper. A slowdown in global AI investment could pose a greater threat to China's export growth than trade restrictions.
## Growth target at risk without rebalancing
Chinese leaders set an annual economic expansion target of four point five to five percent for twenty twenty-six.
## Key takeaway

China's exports surged thirty six point three percent in September, widening its trade surplus to nine hundred thirty eight billion dollars for the first nine months, as trading partners demand rebalancing.