China Customs records first-ever $1 trillion trade surplus for January-November period.

Key facts

• China's November trade surplus hit $111.68 billion, the highest since June and up from $90.07 billion the previous month.
• Exports to the United States dropped 29% year-on-year in November despite a tariff-truce agreement.
• Exports to the European Union rose 14.8% year-on-year in November.
• Exports to Australia surged 35.8% year-on-year in November.
• Exports to Southeast Asia grew 8.2% year-on-year in November.
• Overall Chinese exports grew 5.9% year-on-year in November, reversing October's 1.1% contraction.
• Imports increased 1.9% year-on-year in November, below the 3.0% forecast.
• The average U.S. tariff on Chinese goods stands at 47.5%.
• China's rare-earth exports jumped 26.5% month-on-month in November.