Bangkok – China exports increased by 12.4% in March from a previous year when companies rushed to exceed increases in US tariffs imposed by the president of the United States, Donald Trump, the government said on Monday.
Imports fell 4.3% to $ 211.3 billion in March, customs administration, exceeded by exports worth $ 313.9 billion, leaving a commercial surplus of $ 102.6 billion.
China’s commercial surplus increased a record of $ 992.2 billion in 2024 and its exports increased 5.4%, which helped compensate for a slow growth in the home as the country slowly recovers from a crisis in its real estate market and persistent impacts of the Covid-19 pandemic.
After assuming the position, Trump first ordered a 10% increase in tariffs on China imports. Later it raised it to 20%. Now, China faces 145% tariffs in most exports to the United States, depending on the most recent reviews in Trump’s commercial policies.
China’s commercial surplus with the United States was $ 27.6 billion in March, since its exports increased 4.5%. Registered a surplus of $ 76.6 billion with the US. In January-March despite exports increased only 2.3% the first two months of the year.
“It is likely that US importers. Uu. He is an expert in rates important in April in April and first quarrel imports,” said Ing Economics in a report, but it is likely that this trend falls as importers use their inventories while observing the last turns and shifts in an unpredictable commercial policy of the United States.
“As a result, it is likely that direct trade between the United States and China will develop from April,” he said.
Customs data showed that the total exports of the second largest economy in the world increased 5.8% in the first three months of the year from the previous year, while imports sank 7%, leaving a commercial surplus of $ 273 billion.
The hard American tariffs about Chinese products have asked questions about whether manufacturers could end up diverting exports to other foreign markets, since they renounce the sale of US consumers due to the duplication of import tariffs.
The greatest increases in exports went to the residents of Southeast Asia of China, which saw the dollar value of China shipments jump almost 17% in March of the previous year. Exports to Africa increased more than 11% and those of India by almost 14%.
A spokesman for the customs administration, Lyu Daliang, said that China faced a “complex and severe external situation”, but that the sky would not fall. He pointed out the export options of China and the huge domestic market.
When asked about the fall of Chinese imports, he told reporters that China has been the second largest importer in the world for 16 consecutive years, which increases their participation in world imports from approximately 8% to 10.5%.
“At present and in the future, China’s import growth space is huge, and the great Chinese market is always a great opportunity for the world,” he said.
Chinese President Xi Jinping He was visiting Vietnam on Monday as part of a regional tour that will also take him to Malaysia and Cambodia, which gave him the opportunity to reaffirm commercial ties with other Asian countries that also face potentially steep tariffs, although last week Trump delayed applying them in 90 days.
China’s exports to Vietnam jumped almost 17% last month compared to the previous year, while their imports fell 2.7%.
Although XI’s trip was probably planned before, it has been important due to the commercial war Between Washington and Beijing.
The impact of the highest rates is already shown, with exports of lower value -added items such as shoes and clothing that fall, while computer chips, appliances and vehicles increased.
Rare earth exports fell almost 11% in the first quarter of the year as China hardened controls on strategically vital materials used in electric vehicles and other high -tech products.
