China Exports YoY

Exports from China rose by 7.2% yoy to USD 321.8 billion in July 2025, beating expectations of a 5.4% increase and accelerating from a 5.8% gain in June. This marked the fastest pace of outbound shipments since April, supported by a temporary easing of tariff pressures ahead of the August deadline. Manufacturers capitalized on a fragile tariff truce between Beijing and Washington to ramp up shipments—particularly to Southeast Asia—before tougher US duties targeting transshipment come into effect. By destination, exports grew to Japan (2.4%), South Korea (4.6%), Taiwan (19.2%), Australia (14.8%), the EU (9.2%), and ASEAN (16.6%). In contrast, exports to the US fell for the fourth consecutive month, dropping 21.7% yoy in July, after a 16.1% decline in June. By commodity, exports of rare earths jumped 21.4% yoy to 5,994.3 tons, while semiconductor exports rose 16% to 31.8 billion units. For the first seven months of 2025, China’s exports grew by 6.1% yoy, totaling USD 2.13 trillion.