FLASH NEWS
China's exports rise sharply in June amid trade 'truce' with US
2025-07-14 21:31:17 / BOTA
Chinese exports rose 5.8% in June from a year earlier, beating analysts' expectations, as companies took advantage of a temporary tariff truce with the United States to ship goods ahead of a new deadline in August for a more definitive deal.
The strong trade data released on Monday precedes second-quarter GDP figures, which are also expected to smile on Beijing's face at a time when policymakers are trying to stimulate the domestic economy and navigate geopolitical tensions.
According to the Financial Times, exports in June exceeded both the 5% increase expected in a Reuters poll and the 4.8% increase in May. Imports rose 1.1% year-on-year, reversing a 3.4% contraction the previous month.
President Xi Jinping's government has been heavily supporting exports as a driver of GDP growth amid weak domestic consumption and a struggling real estate sector. Analysts expect China to report quarterly growth of 5.1% on Tuesday, slightly above the annual target of around 5%.
Meanwhile, exports to the US in the first half of the year fell by 9.9% in yuan terms, while imports from the US fell by 7.7%. In contrast, exports to the EU rose by 7.9%, even as imports from the EU fell by 4.8%.
A meeting between European Commission President Ursula von der Leyen and President Xi is expected next week in Beijing, with the EU expected to express concerns about the diversion of Chinese products to its markets.
Exports to ASEAN countries increased by 14.3% in the first half of the year, while to Russia they fell by 7.4%.
Yuhan Zhang, an economist at The Conference Board, told the Financial Times that China's trade surplus has been sustained by robust exports and weaker imports. He pointed to the sharp rise in robot exports as a sign of China's strategy for advanced technology and market diversification.
"Tariffs and geopolitical tensions are likely to dampen growth through the end of 2025 unless offset by new stimulus and geographic expansion," Zhang said.
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