How is China doing on the trade front in the recent months?

China reported a sharp growth in exports for the month of October 2021, China reported merchandise exports of $300 billion for the month of Oct-21, which is a growth of 27% on a yoy basis. Exports are also substantially higher than pre-COVID levels of overall trade, last seen in 2019. With total imports at $215.50 billion, the merchandise trade surplus adds up to a whopping $84.5 billion.

China ran its biggest trade surplus of $40.7 billion with the US followed by a trade surplus of $25.9 billion with EU in the month of Oct-21. India had an annual trade deficit of $44 billion with China in FY21. Despite tough regulatory crackdowns and threatening Evergrande crisis, China appears to have gained immensely from the sharp revival in global demand and trade.