Insights for China

MoM insights: 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.

YoY insights: 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.