China’s exports rose 8.3% year-on-year in September, the strongest growth in six months, according to customs data, defying expectations of a slowdown amid escalating trade tensions with the US.
- The result exceeded forecasts for a 6.6% gain and highlighted the resilience of Chinese exporters, who have been diversifying into new markets to offset US tariffs.
Imports climbed 7.4%, surpassing estimates, bringing the trade surplus to $90.5 billion. The strong trade data are expected to help China stay on track for its 5% growth target for 2025, even as domestic challenges such as deflation and a weak property market persist.
Michelle Lam, Greater China economist at Société Générale, said robust demand from non-US destinations and China’s strong competitiveness have helped limit the impact of US trade measures. She added that the relative resilience of exports may have encouraged Beijing to take a firmer line in ongoing trade negotiations.
However, Wang Jun, deputy head of the General Administration of Customs, warned that China still faces a complex and uncertain external environment, urging continued efforts to stabilize trade in the final quarter, especially given last year’s high base.
