The Chinese export is rising stronger than expected. The main reason is the preliminary trade agreement with the United States.
Total exports rose by 5.8 percent compared to a year ago, according to figures from Chinese customs. Economists had expected an increase of 5 percent.
The decline in exports to the US was not too bad: it fell by 16.1 percent, after a decrease of more than 34 percent in May. Furthermore, China exported more to other countries. For example, exports to the European Union grew by 7.6 percent.
China and the US concluded a preliminary trade agreement at the end of June. The US lifted certain export restrictions, while China has pledged to supply rare earth metals again that are needed for aircraft and wind turbines.
The American levy on Chinese goods is 30 percent. Conversely, that is 10 percent. The countries would impose levies of more than 100 percent on each other, but those plans were suspended for ninety days in May.
Chinese import groeit licht
Chinese imports grew by 1.1 percent in June. Imports from the US fell by 15.5 percent, after a decrease of almost 18 percent a month earlier.
In the first half of 2025, Chinese exports rose by 5.9 percent compared to a year earlier. Imports decreased by 3.9 percent. As a result, the trade surplus rose to 586 billion dollars. That is 35 percent more than last year. China will announce the official growth figures for the second quarter on Tuesday.