China’s trade surplus jumped to US$75.42 billion in November 2020 from US$37.18 billion in the same month the previous year. This was the largest trade surplus since the series began in January of 1981, mainly due to a surge in exports, amid a strong in global demand and higher commodity prices. Exports surged by 21.1% to a new record high of US$268.07 billion, the fastest since February 2018, while imports rose at a softer 4.5% to US$192.65 billion. The country’s trade surplus with the US widened to a new record of US$37.4 billion in November from US$31.37 billion in October. Considering the first eleven months of the year, the trade surplus was US$459.92 billion, as exports rose 2.5% from a year earlier to US$2.31 trillion, while imports fell 1.6% to US$1.86 trillion.