8 December 2025, 09:41 China: Imports Rise for 6th Month.
China’s imports rose 1.9% yoy to USD 218.7 billion in November 2025, accelerating from 1.0% in the prior month and marking the sixth consecutive month of growth. A trade truce with the U.S. reached during the month may have boosted buying activity, but growth still lagged the 2.8% forecast, reflecting weak labor market conditions, soft consumer confidence, and cautious business spending. Over the first ten months of the year, imports fell 0.6% to USD 2.34 trillion, weighed down by weaker demand from the U.S. (-13.2%), the ASEAN countries (-1.2%), the EU (-2.1%), and Russia (-5.9%). During the period, import values of refined oil (-19.3%), natural gas (-14.3%), steel (-10.9%), and coal & lignite (-33.5%) dropped, while automatic data equipment (18.2%), high-tech products (8.8%), and integrated circuits (9.2%) rose. Purchases in 2026 are expected to remain modest, with growth hinging on domestic demand, policy support, and global trade relations.
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