Bangkok-China exports increased by 12.4% in March of the previous year in a great activity of last minute activity when companies rushed to exceed increases in US rates imposed by the president of the United States, Donald Trump, and early analysts.
Imports fell 4.3% to $ 211.3 billion in March, customs administration, exceeded by exports worth $ 313.9 billion, leaving a commercial surplus of $ 102.6 billion.
“But shipments go back in the coming months and rooms,” said Julian Evans-Prohard of Economics Capital in a report. “We believe they could spend years before Chinese exports recover current levels.”
China’s commercial surplus increased a $ 992.2 billion record in 2024 and its exports increased 5.4%, which helped compensate for a slow growth in the home as the country slowly recovers from a crisis in its real estate market and persistent impacts of the figure.
After assuming the position, Trump ordered for the first time a 10% increase in tariffs on China imports. Hey, then raised that to 20%. Now, China faces 145% tariffs in most exports to the United States, depending on the most recent reviews in Trump’s commercial policies. China has responded with 125% tariffs on US products and other measures aimed at pinching the United States where it hurts most, such as export controls of critical minerals necessary in high -tech manufacturing, such as the production of electric vehicles.
China’s commercial surplus with the United States was $ 27.6 billion in March, since its exports increased 4.5%. He registered a surplus of $ 76.6 billion with the US. In January-March, he even thought that exports increased only 2.3% the first two months of the year.
“It is likely that US importers. UU. It is likely that the important ones with rates arrived in April in Onard and chronated imports,” said Ing Economics in a report, but it is likely that this trend falls as the imports Ste -Up Steil observe the last turns.
“As a result, it is likely that direct trade between the United States and China is from April,” he said.
Commercial data already show a certain impact of the highest rates, with exports of lower added value items such as shoes and clothing that fall, while computer chips, appliances and vehicles increased. China’s greatest exports in the first three months of the year were electronic machinery, a broad category that includes smartphones and laptops and high -tech products, according to the report.
China’s rare land exports fell almost 11% in the first quarter of the year, since Beijing pressed controls on strategically vital materials used in electric vehicles and other high -tech products.
Customs data showed that the total exports of the second largest economy in the world increased 5.8% in the first three months of the year from the previous year, while imports sank 7%, leaving a commercial surplus of $ 273 billion.
On Friday night, Trump exempted most of the computer relationship products of the specific higher rates of China, including laptops, smartphones and the necessary components to do them, says the administration of thoughts that announce those presented in a few days. These products represented almost $ 174 billion in imports from the US of China last year.
Even so, the hard US tariffs about Chinese products have asked questions about whether exporters could end up diverting their goods to other foreign markets, since they renounce the sale of consumers due to the duplication of import tariffs.
The greatest increases in exports in March went to the residents of Southeast Asia of China, which saw the dollar value of China’s shipments jump 8% in March from a previous year. Exports to Africa increased more than 11% and those of India by almost 14%.
A spokesman for the customs administration, Lyu Daliang, said that China faced a “complex and severe external situation”, but that the sky would not fall. He pointed out the export options of China and the huge domestic market.
When asked about the fall of Chinese imports, he told reporters in Beijing that China has been the second largest importer in the world for 16 consecutive years, which increases their participation in world imports from approximately 8% to 10.5%.
“At present and in the future, the import growth space of China is huge, and the great Chinese market is always a great opportunity for the world,” he said.
The Chinese president, Xi Jinping, visited Vietnam on Monday as part of a regional tour that will also take him to Malaysia and Cambodia, giving him the opportunity to reaffirm commercial ties with Eather’s Asian countries, although he suffers in 90 days.
China’s exports to Vietnam jumped almost 17% last month compared to the previous year, while their imports fell 2.7%.
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