China Export Growth Hits 3-Month High

Exports from China rose by 7.2% year-on-year to USD 321.8 billion in July 2025, beating market expectations of a 5.4% increase and accelerating from a 5.8% gain in June. It marked the fastest pace of outbound shipments since April, supported by a temporary easing of tariff pressures and raising hopes of a possible extension of the US–China trade truce. By destination, exports increased to Japan (2.4%), South Korea (4.6%), Taiwan (19.2%), Australia 14.8%), the EU (9.2%), and the ASEAN countries (16.6%), while declining to the US (-21.7%). For the first seven months of 2025, China’s exports increased by 6.1% yoy, totaling USD 2.13 trillion. During this period, shipments rose for agricultural products (1.8%), fertilizer (49.3%), ceramic products (1.5%), LCD flat panel display modules (8.0%), and ships (15.5%).