China's foreign trade 'steady' in first two months of 2025

China's foreign trade remains resilient! According to recent data, China's foreign trade volume reached 6.54 trillion yuan ($912.07 billion) in the first two months of 2025. While the headline figure shows a slight decrease of 1.2% year-on-year, a closer look reveals underlying strength. Adjusting for incomparable factors like fewer working days, the actual growth is a positive 1.7%.

Exports demonstrated robust performance, climbing 3.4% to 3.88 trillion yuan. This growth was fueled by increased exports to key regions, including a 6.8% rise to ASEAN, a 1.8% increase to the EU, and a 3.4% uptick to the US. Furthermore, exports to countries participating in the Belt and Road Initiative saw a 2.4% increase, underscoring the initiative's continued importance in facilitating global trade.

While imports experienced a decline of 7.3%, this presents an opportunity for businesses to analyze and adapt their strategies. Factors influencing import demand, such as domestic consumption patterns and industrial production levels, should be closely monitored. This also highlights the importance of diversifying import sources and enhancing supply chain resilience to mitigate potential risks.

These figures demonstrate the adaptability and strength of China's foreign trade sector amidst a complex global economic landscape. As businesses navigate these dynamics, understanding the nuances of regional trade relationships and proactively addressing supply chain challenges will be crucial for sustained success. Let's connect and discuss how these trends can impact your import and export strategies.

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