US Edition
China Exports to US Fall Most Since 2020 Despite Trade Truce
- In May 2025, the value of Chinese shipments to the US fell sharply by 34.5% compared to the same month the previous year, representing the steepest decline since February 2020 amid sustained trade tensions.
- The decline followed earlier US tariff reductions and a 90-day tariff truce that began in early May, which aimed to ease trade war pressures but did not prevent shipment losses.
- Despite the US export plunge, China's total exports rose 4.8% year-on-year in May, slowing from April's 8.1% growth due to heavy customs checks and weakening demand.
- Economists noted rare earth exports nearly halved and electric machinery shipments slowed significantly, with export growth further pressured by factory-gate deflation and a 3.4% import drop.
- The export slowdown and import declines contributed to a $103.22 billion trade surplus in May, prompting Beijing to introduce monetary stimulus including lending rate cuts and low-cost loans to cushion economic impact.
69 Articles
69 Articles
According to official data published this Monday by the General Customs Administration (GAC), total imports and exports of goods, denominated in yuan, increased by 2.5 per cent year-on-year, reaching 17.9 trillion yuan (equivalent to 2.5 trillion dollars). Between January and May, the country's total exports experienced a remarkable growth of 7.2 per cent year-on-year, adding 10.67 billion yuan. In contrast, imports recorded a 3.8% year-on-year …
China's foreign trade demonstrates strong resilience and resistance to shocks
Despite US tariff hikes, China's goods trade value from January to May 2025 rose by 2.5 percent year-on-year, with exports up 7.2 percent. China's innovation, diversified trade partners, and strong private enterprises contribute to its robust performance. China's expanding openness also promotes global cooperation.
Jan-May trade surge fuels China’s 5% growth target, exposes futility of US pressure tactics
BEIJING- China's latest trade data, revealing a 2.5% year-on-year increase in total goods imports and exports (reaching 17.94 trillion yuan, or $2.5 trillion) for January-May 2025, stands as a powerful testament to the nation's economic resilience.
Chinese exports to the US have collapsed in recent months in view of the customs disputes. Talks in London are supposed to defuse the conflict.
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