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Shipments to Southeast Asia grew 15.6% year-on-year in September. Exports to Latin America and Africa were up 15% and 56%, respectively. Tensions with the U.S. reignited Friday after Trump threatened an additional 100% tariff on Chinese goods and export controls on “critical” software.
China’s exports to the United States fell 27% in September from the year before, even though growth in its global exports hit a six-month high. It has fallen for six straight months. In August they dropped 33%.
Customs figures released Monday showed that China’s worldwide exports were 8.3% higher than a year earlier, at USD 328.5 billion, surpassing economists’ estimates. That was markedly better than the 4.4% year-on-year increase in August. China’s exports to the United States have fallen for six straight months. In August they dropped 33%.
Imports grew 7.4% last month, significantly better than a 1.3% increase by year in August, although a weaker domestic economy and a real estate sector downturn continue to weigh on demand and consumption.
The outlook is cloudy as a truce between Beijing and Washington unravels and both sides hit out with new tariffs and other retaliatory measures. As exports to the United States have come under pressure from U.S. President Donald Trump’s policies aimed at trying to get manufacturers to shift factories to America, China has expanded markets for its products in other regions.
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Shipments to Southeast Asia grew 15.6% year-on-year in September. Exports to Latin America and Africa were up 15% and 56%, respectively. Tensions with the U.S. reignited Friday after Trump threatened an additional 100% tariff on Chinese goods and export controls on “critical” software.
