China's August exports and imports both jump
Chinese Trade Balance USD terms (August 2025) 102.33bn
- expected 99.2bn, prior 98.24bn
Imports YY (August) +1.3% in USD terms, missing expectations
- expected +3.0%, prior +4.1%
- China imported a record 12.3mn metric tons of soybeans in August
Exports YY (August) +4.4%
- expected +5.0%, prior +7.2%
- although export growth marched higher, it missed expectations
- export growth the loest since February
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Chinese Imports YY (CNY terms )(August) +1.7%
- prior +4.8%
Exports YY (CNY)(August) +4.8%
- prior +8.0%
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YTD ... China's total goods imports and exports in yuan-denominated terms rose to 29.57 trillion yuan (US$4.14 trillion) in the first eight months of 2025, up 3.5% year-on-year, data released by the General Administration of Customs showed on Monday.
- YTD trade surplus with the US is USD185.8bn
- exports to the US -33% y/y in August
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Analysis from Citi shows China container ship departures for the U.S. continued to fall
- down 24.9% y/y in the 15 days ending September 3
- 12.4% drop a week earlier
