Chinese exports surged in March as companies accelerated shipments ahead of steep US tariff hikes.
China recorded a 12.4% year-on-year export surge in March, according to official data released Monday, as exporters moved quickly to dispatch goods before a new round of US tariffs took effect. Imports, however, declined 4.3%, reflecting ongoing uncertainty in global trade conditions.
In the first quarter of 2025, exports rose 5.8% while imports dropped 7%, highlighting an expanding trade surplus. March alone saw a $27.6 billion surplus with the US, driven by a 4.5% rise in shipments. The quarterly surplus with the US reached $76.6 billion.
The growth came despite Washington imposing tariffs up to 145% on key Chinese goods. Exporters diversified aggressively, with Southeast Asia becoming a major destination. Exports to that region climbed nearly 17% year-on-year, while exports to Africa grew over 11%.
Vietnam stood out as a significant partner, recording a 17% jump in Chinese imports, although its exports to China declined 2.7%. Chinese President Xi Jinping began a diplomatic visit to Vietnam, Malaysia, and Cambodia, underscoring the importance of regional ties amid US tensions.
Chinese customs spokesperson Lyu Daliang acknowledged external challenges but remained confident in the country’s long-term trade prospects. China has been the second-largest global importer for 16 consecutive years, increasing its global import share from 8% to 10.5%. Lyu reaffirmed China’s role as a vital global market, stating its import potential remains vast and full of opportunities.
Source: TOI
