China’s exports surge 12.4% in March amid escalating tariff tensions 

The surge surpassed market expectations, highlighting the resilience of China’s export sector amidst escalating trade tensions.

However, imports fell by 4.3%, reflecting the volatility of global trade conditions.

In the first quarter of 2025, China’s exports grew by 5.8%, while imports dropped by 7%, painting a mixed picture of the trade landscape for the world’s second-largest economy.

Notably, the trade balance with the United States remained a key focal point, with China recording a $27.6 billion trade surplus in March, buoyed by a 4.5% rise in exports to the U.S. For the quarter, the surplus with the U.S. reached a substantial $76.6 billion.

Vietnam emerged as a noteworthy trade partner during this period. Chinese exports to Vietnam rose by an impressive 17% in March, while imports from Vietnam saw a modest decline of 2.7%.

Although the trip was likely scheduled in advance, it now carries added geopolitical importance amidst increasing tensions with Washington.

Notably, several Asian nations, including China, are bracing for potential new U.S. tariffs, even as the U.S. recently announced a 90-day delay on their enforcement.

Despite external challenges, China remains cautiously optimistic about its economic outlook.

Speaking on the trade figures, Chinese customs spokesperson Lyu Daliang acknowledged the “complex and severe external situation” but maintained confidence in China’s economic strength.

“China is facing a complex and severe external situation,” Lyu stated, “but the sky will not fall.” 

Lyu emphasized China’s critical role in the global economy, noting that the country has been the world’s second-largest importer for 16 consecutive years.

Over this period, China’s share of global imports has risen from 8% to 10.5%. “At present and in the future, China’s import growth space is huge. The large Chinese market is always a great opportunity for the world,” he added.

Despite rising U.S.-China tensions, the robust growth in China’s export figures shows the resilience of its trade sector. Coupled with its strategic partnerships in Asia, China continues to play a pivotal role in global trade, setting the stage for further economic opportunities.