Overview
- Overall exports rose 4.4% year on year in August, the weakest pace in six months, while imports grew 1.3% and the trade surplus widened to about $102.3 billion.
- Shipments to the United States fell roughly one-third from a year earlier, with data also showing fewer China–U.S. container departures and tighter U.S. scrutiny of transshipments.
- Sales to alternative markets accelerated, including a 22.5% jump to ASEAN (Vietnam up 31%), a 10.4% rise to the European Union and about 26% growth to Africa.
- The earlier boost from front-loading ahead of tariff increases faded, and economists say weak domestic demand could prompt targeted fiscal support in the fourth quarter.
- A 90-day tariff pause agreed on Aug. 11 remains in force through early November, delaying further escalation but leaving core trade disputes unresolved.