China’s exports are rising with companies rushing to ship goods, amid the concerns of customs tariffs
China’s exports increased by 12.4 % in March of the previous year. During the same period, imports decreased by 4.3 % to $ 211.3 billion, leaving a trade surplus of $ 102.6 billion.
The companies rushed to ship the goods before entering customs duties in the United States. The leap in exports reflects the efforts made by Chinese companies to confront a series of high tariffs ordered by US President Donald Trump.
Trump initially imposed a 10 % increase in definitions on imports from China after taking office. Later, this number raised this number to 20 % and now pushed it to 145 % on most Chinese exports related to the United States that the situation had prompted the Chinese exporters to accelerate shipments to American buyers, hoping to evade the last increase in import duties.
China’s commercial balance was in the spotlight for some time. In 2024, the country’s trade surplus increased to $ 992.2 billion, with exports increasing by 5.4 %.
Customs Administration Data shows that China’s trade surplus with the United States amounted to $ 27.6 billion in March, an increase of 4.5 % in exports to this market. During the first quarter, the surplus reached $ 76.6 billion, although only 2.3 % increased in exports during the first two months of the year.
“Export growth in March has accelerated, as manufacturers rushed to ship the goods to the United States before” liberation day “, Julian Ivs Bretshard, head of China’s economy at Capital Eightingx.
“But the shipments are scheduled to fall within the next months and four quarters,” he added. “We think it can be years ago before Chinese exports regain the current levels.”
Observers also refer to local factors that undermine import growth, most notably a decrease of 4.3 % in total imports. While Chinese imports of crude oil rose in March, soybeans, coal, iron ore and unimportant copper decreased. Imports from the United States may feel the effects of customs tariff conflict, with a total of 36.8 % dive -based soybean imports on an annual basis in March.
China wants to fight “to the end”
Beijing pledged to continue fighting the customs tariff “to the end.” It wants to protect the economy from “external shocks”. Friday, President Xi Jinping It is said Spanish Prime Minister Pedro Sanchez in Beijing said that China and the European Union should work together to oppose “monochrome bullying”, according to news agency Xinhua.
The CSI300 index increased modestly by 0.3 % on Monday. Analysts say mixed signals by President Trump on possible exemptions on the selected consumer electronics contributed to the slight rise.
Economists reviewed their view of China’s growth throughout the year. Goldman Sachs reduced its 2025 domestic product to 4 % from 4.5 %. On the other hand, Citi reduced its drop from 4.7 % to 4.2 %. These revised numbers limit the official goal of the government of “about 5 %”.
Cryptopolitan Academy: soon – a new way to earn a negative income with Defi in 2025. Learn more
