Exports from China increased by 5.8% yoy to a four-month high of USD 325.2 billion in June 2025, slightly above expectations of a 5.0% rise and accelerating from 4.8% growth in May. The uptick in export growth came amid a temporary easing of tariff pressures ahead of the August deadline. Notably, rare-earth exports surged 32% mom, potentially reflecting progress from agreements reached in June to ease restrictions and restore global supply. The US and China signed a series of accords last month aimed at reopening rare-earth trade, after Chinese export controls imposed in April - during the peak of trade tensions - disrupted global supply chains and forced shutdowns at some auto factories. For H1 of 2025, China’s exports rose by 5.9% yoy, totaling USD 1.81 trillion. During the period, shipments grew for agricultural products (1.0%), fertilizer (25.9%), and textiles (1.8%). By destination, exports rose to Japan (4.8%), the UK (8.0%), and the ASEAN (13.0%), while falling to the US (-10.9%).