China’s trade performance in March 2025 painted a contrasting picture, with exports climbing 12.5% year-on-year, far outpacing expectations, while imports shrank by 1.9%, extending a months-long downturn. The strong export figures—driven by robust demand for electronics, electric vehicles, and industrial machinery—underscore China’s pivotal role in global supply chains. However, the persistent drop in imports signals lingering weakness in domestic consumption, raising concerns about the country’s economic momentum.
The widening trade surplus, now at $58 billion, highlights China’s export resilience but also reflects an uneven recovery. While overseas demand remains strong, sluggish consumer spending and a subdued property market continue to weigh on growth. Analysts suggest that Beijing may need to roll out additional stimulus measures to revive domestic demand and rebalance the economy.
