China’s exports recorded an increase of 12.4 percent on an annual basis in March. At the same time, imports have declined by 4.3 percent in the same period. The Chinese government gave this information on Monday amidst the increase in tariffs on goods imported from China from China.
The world’s second largest economy, ie export from China, increased by 5.8 percent on an annual basis in the first three (January-March) months of 2025, while the imports fell by seven percent. China had a $ 27.6 billion in the trade surplus March with the US, while its exports increased by 4.5 percent. In the first quarter of the year (January-March), China’s trade surplus with the US stood at $ 76.6 billion.
According to the recent amendments made in the trade policies of US President Donald Trump, China is facing 145 percent tariffs on most exports to the US. However, the highest increase in exports from China’s southeastern Asian neighbors where exports from China increased by about 17 percent in the annual Aadhaar in March. Exports to Africa have increased by more than 11 percent.
Customs administration spokesman Lu Daliang said that China is facing “complex and serious condition”, but it will not kneel. He said this while pointing to China’s diverse export options and a huge domestic market. When asked about the decline in Chinese imports, he told reporters that China has been the second largest importer in the world for 16 consecutive years, which has increased its stake in global imports from about eight percent to 10.5 percent.
He said, “Currently and in future China’s import growth sector is very big and a big Chinese market is always a big opportunity for the world.”
Xi Jinping on touring Vietnam, Malaysia and Cambodia
Chinese President Xi Jinping set out on a visit to Vietnam on Monday as part of a regional tour. He will also go to Malaysia and Cambodia. This will give them an opportunity to strengthen trade relations with other Asian countries, which are potentially facing heavy tariffs. However, last week the US postponed this decision for 90 days.
Last month, China’s exports in Vietnam increased by about 17 percent on an annual basis, while its imports declined by 2.7 percent. Although the journey of Xi Jinping was already scheduled but due to the trade war between the US and China, this journey has become more important.
(Input-AP)
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