Despite global trade conflicts, China’s foreign trade increases. As the customs authority announced in Beijing, exports in June increased in US dollars by 5.8 percent compared to the same month last year. Experts had expected less.
Even if global trade conflicts put a strain on the economy worldwide: China’s foreign trade recently increased. According to the customs authority in Beijing, exports rose by 5.8 percent in June compared to the previous year. Analysts had expected an export increase of around five percent for June.
The commercial surplus reached around $ 114.77 billion (around 98 billion euros). In the first half of the year, exports grew by 5.9 percent compared to the same period last year.
Why China’s exports rise
Experts assume that the exporters of the world’s second largest economy delivered their goods prematurely out of concern about possible other US tariffs.
The Southeast Asian countries are increasingly important for China. According to the customs data, exports to Vietnam rose by 19.6 percent, according to Thailand, 22 percent and 15.3 percent after Thailand. Exports also increased significantly after Africa.
In the trade conflict with the United States, exporters from the People’s Republic were sometimes steering over Southeast Asia in order to be able to re-declare them declared better customs conditions to the USA. This is also why US President Donald Trump recently imposed tariffs from 20 percent and 40 percent against Vietnam to Vietnam recently reloaded from third countries with a destination USA. According to experts, he primarily wanted to meet China.
Handel China with Germany and USA
China’s exports rose significantly slower in direct trade with Germany in June. After exporting to the Federal Republic in the double -digit range in May and April, they were only 3.5 percent compared to June 2024 in June.
In a dispute with the United States, trade collapsed in June as in the previous months – by 16.1 percent in exports and 15.5 percent in imports. In mid -May, both sides had agreed on a break in the customs dispute. This break would run out on August 12th. It is unclear how things will go afterwards.
