Data Insights

Overall, China's total trade value for March 202603 reached USD 590.93B, with imports at USD 269.9B (up USD 61B, +29.20%) and exports at USD 321.03B (up USD 21.15B, +7.05%). The month-on-month analysis indicates a robust increase in imports, particularly from key partners like South Korea and Japan, while exports showed mixed results with significant drops to certain countries. Year-on-year, imports have also seen substantial growth, particularly from Switzerland and South Korea, while exports to the United States have notably decreased.

In March 202603, China's trade values showed significant month-on-month changes across various dimensions. For imports, the highest increases were seen with South Korea (USD 23.46B, +6.71B, +40.09%), Japan (USD 18.27B, +6.27B, +52.24%), and Chinese Taipei (USD 23.64B, +6.1B, +34.74%). Conversely, the largest declines were from Kazakhstan (USD 1.58B, -1.39B, -46.74%), Brazil (USD 7.71B, -773.51M, -9.11%), and Argentina (USD 769.72M, -481.91M, -38.50%). For exports, Hong Kong led with USD 39.33B (+13.63B, +53.02%), followed by Vietnam (USD 19.77B, +7.19B, +57.20%), and South Korea (USD 15.43B, +3.05B, +24.60%). The lowest exports were to the United Arab Emirates (USD 2B, -3.55B, -64.03%), Saudi Arabia (USD 2.64B, -1.72B, -39.47%), and Iraq (USD 203.12M, -1.06B, -84.93%).

Year-on-year comparisons for March 202603 revealed notable shifts. In imports, Switzerland saw the highest increase (USD 11.95B, +9.4B, +368.15%), followed by South Korea (USD 23.46B, +8.68B, +58.76%) and Australia (USD 16.34B, +7.63B, +87.58%). The largest declines were from Malaysia (USD 8.06B, -2.59B, -24.33%), Iraq (USD 1.91B, -2.32B, -54.78%), and Saudi Arabia (USD 3.81B, -2.1B, -35.55%). For exports, Hong Kong again led with USD 39.33B (+11.43B, +40.97%), followed by South Korea (USD 15.43B, +2.53B, +19.57%) and Chinese Taipei (USD 9.08B, +2.36B, +35.19%). The lowest exports were to the United States (USD 29.45B, -10.61B, -26.49%), United Arab Emirates (USD 2B, -3.75B, -65.00%), and Saudi Arabia (USD 2.64B, -1.65B, -38.43%).

In summary, the analysis of trade values for China in 202602 indicates a mixed performance in international commerce. Imports totaled 208.9B USD, reflecting a month-on-month decrease of 25.16B USD (-10.75%) but a year-on-year increase of 25.45B USD (13.87%). Exports totaled 299.88B USD, with a month-on-month decline of 56.82B USD (-15.93%) and a year-on-year increase of 84.71B USD (39.37%). The overall trade flow shows a significant fluctuation, particularly in the context of geopolitical tensions and trade restrictions.

In the month-on-month analysis, imports from Switzerland saw the highest increase with a trade value of 9.12B USD, reflecting a significant rise of 3.61B USD (65.39%). South Korea also showed a notable increase in imports at 16.74B USD, with a rise of 336.15M USD (1.99%). On the lower end, imports from Chinese Taipei dropped to 17.55B USD, down by 2.98B USD (-14.48%). Exports to Hong Kong experienced the largest decline, falling to 25.7B USD, a decrease of 8.24B USD (-24.24%). The total trade for imports decreased by 25.16B USD (-10.75%) while exports fell by 56.82B USD (-15.93%).

Year-on-year, imports from Switzerland increased significantly to 9.12B USD, up by 6.28B USD (220.10%). South Korea also saw a rise in imports to 16.74B USD, with an increase of 4.33B USD (34.90%). Conversely, imports from the United States decreased to 9.59B USD, down by 3.43B USD (-26.33%). Exports to Hong Kong rose to 25.7B USD, an increase of 4.09B USD (18.93%), while exports to Iran fell to 379.04M USD, down by 158.32M USD (-29.46%). Overall, total imports increased by 25.45B USD (13.87%) while exports rose by 84.71B USD (39.37%).

Overall, China's trade values for the year 202512 show a robust increase in both imports and exports. Total exports reached 357.75 billion USD, up 22.12 billion USD from the previous year, while imports totaled 243.64 billion USD, an increase of 12.85 billion USD. The month-on-month analysis also indicates strong growth, with exports increasing by 27.4 billion USD and imports by 24.97 billion USD. This reflects a positive trend in trade dynamics, likely influenced by recent agreements and recovery in the services sector.

In the month-on-month analysis, China's total exports reached 357.75 billion USD, reflecting a significant increase of 27.4 billion USD, which corresponds to an 8.29% growth. Imports totaled 243.64 billion USD, with a rise of 24.97 billion USD, marking an increase of 11.42%. For imports by country, the top three contributors were China (12.79B USD, 2.18B USD increase, 20.49%), United Arab Emirates (4.58B USD, 1.98B USD increase, 76.13%), and Chile (4.95B USD, 1.86B USD increase, 60.37%). The lowest performers included South Africa (1.93B USD, -1.11B USD decrease, -36.53%), Switzerland (2B USD, -845.33M USD decrease, -29.67%), and Peru (3.05B USD, -836.22M USD decrease, -21.49%). In terms of exports, Hong Kong led with 35.46B USD, an increase of 4.4B USD (14.16%), followed by Malaysia (10.98B USD, 2.33B USD increase, 26.90%) and Russia (11.71B USD, 2.17B USD increase, 22.68%). The bottom three were Australia (6.39B USD, -2.31B USD decrease, -26.56%), Japan (13.19B USD, -1.53B USD decrease, -10.34%), and Mexico (7.41B USD, -573.78M USD decrease, -7.14%).

In the year-on-year analysis, total exports amounted to 357.75 billion USD, with a notable increase of 22.12 billion USD, translating to a growth rate of 6.59%. Imports reached 243.64 billion USD, with a rise of 12.85 billion USD, reflecting a growth of 5.57%. For imports by country, the top performers included Brazil (10.97B USD, 3.06B USD increase, 38.64%), Hong Kong (3.65B USD, 2.04B USD increase, 126.16%), and Russia (12.68B USD, 2.01B USD increase, 18.86%). The lowest performers were the United States (10.93B USD, -4.4B USD decrease, -28.69%), Malaysia (6.25B USD, -4.22B USD decrease, -40.30%), and Canada (3.45B USD, -2.65B USD decrease, -43.46%). In exports, Hong Kong again led with 35.46B USD, an increase of 8.44B USD (31.23%), followed by Vietnam (18.94B USD, 3.22B USD increase, 20.46%) and India (12.77B USD, 2.31B USD increase, 22.10%). The bottom three were the United States (34.18B USD, -14.65B USD decrease, -30.01%), Indonesia (8.52B USD, -364.93M USD decrease, -4.11%), and Pakistan (1.9B USD, -343.38M USD decrease, -15.33%).

Overall, the total trade for China saw a month-on-month increase of 25B (8.19%) in exports, totaling 330.35B, while imports rose by 3.4B (1.58%) to 218.67B. Year-on-year, exports increased by 18.04B (5.78%) and imports rose by 3.81B (1.77%). The trade dynamics indicate a robust growth in exports, particularly to key partners like Hong Kong and Vietnam, while imports from certain countries like Malaysia and the United States have shown declines.

In the month-on-month analysis, imports from Peru saw the highest increase with a trade value of 3.89B, reflecting a significant rise of 921.84M (31.05%). Indonesia followed closely with 7.92B, increasing by 912.64M (13.02%). China itself had imports valued at 10.62B, up by 817.79M (8.34%). On the lower end, Hong Kong experienced a decline of 1.46B (42.02%) with a total trade value of 2.02B. Vietnam's imports decreased by 741.24M (7.81%) to 8.76B, and the United Arab Emirates saw a drop of 734.13M (22.03%) to 2.6B. For exports, Japan led with a trade value of 14.71B, increasing by 1.71B (13.14%). Vietnam's exports rose to 18.29B, up by 1.65B (9.83%), while South Korea's exports increased by 1.65B (15.26%) to 12.43B. Conversely, the United States saw a decline of 1.13B (3.24%) in exports, totaling 33.79B. Belgium's exports dropped by 497.87M (16.87%) to 2.45B, and South Africa's exports decreased by 280.73M (12.83%) to 1.91B.

In the year-on-year analysis, Brazil's imports increased significantly by 1.7B (19.41%) to 10.43B, while Peru's imports rose by 1.32B (51.53%) to 3.89B. Indonesia's imports also saw a rise of 1.21B (17.98%) to 7.92B. On the downside, Malaysia's imports fell by 3.56B (37.45%) to 5.95B, the United States experienced a decline of 2.37B (19.08%) to 10.05B, and Iraq's imports decreased by 1.34B (37.77%) to 2.2B. For exports, Hong Kong's exports increased by 4.84B (18.45%) to 31.06B, Vietnam's exports rose by 3.75B (25.79%) to 18.29B, and Australia's exports increased by 2.29B (35.78%) to 8.7B. In contrast, the United States saw a significant drop of 13.52B (28.58%) in exports, totaling 33.79B. Malaysia's exports decreased by 914.3M (9.54%) to 8.65B, and Russia's exports fell by 492.1M (4.92%) to 9.55B.