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Trade Trends News
01-04-2025
In March 2025, China's foreign trade exhibited resilience amidst a complex external environment. According to the General Administration of Customs (GAC), the total value of goods trade reached 6.54 trillion yuan (approximately $912.07 billion) in the first two months of 2025, reflecting a moderate year-on-year decrease of 1.2%. However, after adjusting for one-off factors, total foreign trade saw a year-on-year growth of 1.7%, highlighting the sector's resilience. Tendata explores opportunity for your international business.
Key Export Products
Mechanical and Electrical Products: Exports of machinery and electronics reached 2.33 trillion yuan, an increase of 5.4% year-on-year, accounting for 60% of the total export value. Notably, exports of automatic data processing equipment and integrated circuits saw significant growth, rising by 11.7% and 13.2% respectively.
Vehicles: Vehicle exports totaled 116.02 billion yuan, up 3.7% from the previous year, reflecting China's growing strength in the automotive sector.
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Trade Partnerships
In the first two months, ASEAN remained China's largest trading partner, with bilateral trade reaching 1.03 trillion yuan, up 4% year-on-year. The EU was China's second-largest partner, with trade totaling 833.34 billion yuan, while the US ranked third with a trade volume of 733.67 billion yuan, marking a 3.5% increase.
Impact of Trade Tensions
The trade landscape in March 2025 was significantly influenced by escalating tensions with the United States. President Donald Trump's administration imposed substantial tariffs on Chinese goods, creating uncertainty for future growth. These measures led to a contraction in imports, with China's imports dropping by 7.3% to 2.66 trillion yuan in the first two months.
>>>>>Get Report China's foreign trade<<<<<
Conclusion
Despite external challenges, China's foreign trade demonstrated solid performance in early 2025. The structural improvements, with a higher proportion of technology-intensive products, and the diversification of trade partnerships, underscore the resilience and adaptability of China's trade sector. However, ongoing trade tensions, particularly with the U.S., pose risks that require careful monitoring.
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