Insights for China

MoM insights: In May 2026, China's imports saw a total trade value of 271.35B USD, which represents a decrease of 3.26B USD or -1.19% compared to the previous month. Exports, on the other hand, totaled 376.78B USD, reflecting an increase of 17.34B USD or 4.82%. **Country Official:** For imports, Canada led with a value of 7.23B USD, increasing by 2.38B USD (49.01%). Brazil followed with 13.05B USD, up by 2.29B USD (21.31%). South Korea's imports were at 26.71B USD, rising by 1.49B USD (5.89%). Conversely, Malaysia had the lowest imports at 5.72B USD, down by 1.79B USD (-23.79%). Australia and Singapore also saw declines in imports. For exports, Hong Kong topped the list with 40.92B USD, increasing by 2.82B USD (7.40%). The United States followed closely with 39.03B USD, up by 2.26B USD (6.16%). South Korea's exports were at 17.96B USD, rising by 2.13B USD (13.46%). Brazil had the lowest exports at 7.33B USD, down by 509.86M USD (-6.51%). Mexico and Bangladesh also experienced declines. **Subnat Geography:** Imports from Beijing were the highest at 42.4B USD, increasing by 2.96B USD (7.51%). Jiangsu Province followed with 31.96B USD, up by 742.65M USD (2.38%). Hebei Province had imports of 4B USD, rising by 733.02M USD (22.46%). In contrast, Shanghai Province saw a significant drop in imports to 32.09B USD, down by 5.51B USD (-14.66%). Shandong and Guangdong Provinces also reported declines. Exports from Zhejiang Province were the highest at 57.73B USD, increasing by 5.89B USD (11.35%). Jiangsu Province followed with 61.1B USD, up by 4.43B USD (7.78%). Shaanxi Province had exports of 11.64B USD, rising by 2.96B USD (34.12%). Xingjiang Uygur Autonomous Region had the lowest exports at 5.58B USD, down by 2.64B USD (-32.14%). Hainan and Hunan Provinces also saw declines. **HS4 Official:** The highest imports were for Integrated Circuits at 56.65B USD, increasing by 2.71B USD (5.01%). Petroleum Gas followed with 6.57B USD, up by 1.74B USD (36.08%). Soybeans had imports of 5.48B USD, rising by 1.45B USD (35.00%). The lowest imports were for Crude Petroleum at 26.69B USD, down by 1.93B USD (-6.75%). Computers and Telephones also saw declines. Exports of Integrated Circuits were the highest at 35.59B USD, increasing by 4.46B USD (14.33%). Office Machine Parts followed with 11.92B USD, up by 3.66B USD (44.34%). Telephones had exports of 19.21B USD, rising by 1.5B USD (8.48%). The lowest exports were for Semiconductor Devices at 4.07B USD, down by 909.16M USD (-18.27%). Computers and Railway Cargo Containers also reported declines.

YoY insights: In May 2026, China's imports totaled 271.35B USD, reflecting an increase of 58.47B USD or 27.47% compared to the same month last year. Exports reached 376.78B USD, up by 60.68B USD or 19.20%. **Country Official:** The highest year-on-year increase in imports was from South Korea at 26.71B USD, up by 12.16B USD (83.57%). Switzerland followed with 12.19B USD, increasing by 7.68B USD (172.00%). China itself had imports of 17.27B USD, rising by 6.38B USD (58.56%). The lowest year-on-year imports were from Iraq at 168.1M USD, down by 2.55B USD (-93.06%). The United Arab Emirates and Malaysia also saw significant declines. For exports, Hong Kong led with 40.92B USD, increasing by 15.83B USD (62.83%). The United States followed with 39.03B USD, up by 10.21B USD (35.96%). South Korea's exports were at 17.96B USD, rising by 5.32B USD (42.12%). The lowest exports were from the United Arab Emirates at 3.45B USD, down by 3.06B USD (-47.02%). Saudi Arabia and Iraq also reported declines. **Subnat Geography:** The highest year-on-year imports were from Guangdong Province at 58.13B USD, increasing by 18.73B USD (47.55%). Beijing followed with 42.4B USD, up by 12.08B USD (39.80%). Jiangsu Province had imports of 31.96B USD, rising by 9.48B USD (42.16%). The lowest year-on-year imports were from Tianjin at 4.33B USD, down by 168M USD (-3.74%). Jilin Province and Liaoning Province also saw declines. Exports from Jiangsu Province were the highest at 61.1B USD, increasing by 16.25B USD (36.62%). Guangdong Province followed with 79.97B USD, up by 9.68B USD (13.75%). Shaanxi Province had exports of 11.64B USD, rising by 7.17B USD (162.00%). The lowest exports were from Xingjiang Uygur Autonomous Region at 5.58B USD, down by 2.36B USD (-29.70%). Sichuan Province and Qinghai Province also reported declines. **HS4 Official:** The highest year-on-year imports were for Integrated Circuits at 56.65B USD, increasing by 22.92B USD (67.94%). Gold followed with 24.1B USD, up by 13.51B USD (127.58%). Office Machine Parts had imports of 9.53B USD, rising by 7.73B USD (420.70%). The lowest imports were for Commodities not elsewhere specified at 0 USD, down by 772.39M USD (-100.00%). Soybeans and Ethylene Polymers also saw declines. Exports of Integrated Circuits were the highest at 35.59B USD, increasing by 18.69B USD (118.69%). Articles of low value in simplified customs procedures followed with 9.34B USD, up by 9.34B USD (infinity). Office Machine Parts had exports of 11.92B USD, rising by 8.86B USD (293.47%). The lowest exports were for Commodities not elsewhere specified at 0 USD, down by 10.62B USD (-100.00%). Video and Card Games also reported declines.