China’s exports to the United States fell 27% in September year-on-year, even as its global exports surged to a six-month high, according to customs data released Monday.
Worldwide exports rose 8.3% from a year earlier to $328.5 billion, surpassing economists’ expectations and improving markedly from August’s 4.4% increase.
Imports grew 7.4% in September, significantly higher than August’s 1.3%, although a sluggish domestic economy and a downturn in the real estate sector continue to weigh on overall demand and consumption.
Exports to the U.S. have now declined for six consecutive months, dropping 33% in August. The outlook remains uncertain as a fragile truce between Beijing and Washington unravels, with both sides imposing new tariffs and retaliatory measures.
Facing pressure from U.S. policies aimed at encouraging manufacturers to relocate to America, China has actively sought to expand its markets in other regions to offset slowing demand from the United States.