China’s foreign trade volume reached a historic high in the first quarter of 2026, according to customs data released Wednesday. The $1.48 trillion total represents a 12% year-on-year increase, with exports growing 14% and imports rising 9% compared to Q1 2025.
The record figures come as China deepens trade ties with Global South nations while maintaining stable volumes with traditional Western partners. Analysts attribute the growth to competitive pricing in manufacturing sectors and increased demand for Chinese electric vehicles and renewable energy equipment.
‘This reflects both China’s export resilience and recovering domestic demand,’ said a Singapore-based economist with knowledge of the data, speaking on condition of anonymity. ‘The ASEAN and BRI markets are absorbing more intermediate goods as regional supply chains reconfigure.’
Trade with Russia and Central Asia grew 28% year-on-year, while exports to India surprisingly rebounded 19% after three quarters of decline. However, EU trade growth remained sluggish at 3%, with officials citing ongoing anti-subsidy investigations.
Market watchers caution that Q1 performance may not sustain through 2026, as inventory cycles normalize and Western trade policies evolve. The U.S. is expected to complete its Section 301 tariff review by June, potentially impacting $200 billion in bilateral trade.