FX.co ★ China Import Growth Below Forecasts

In August 2025, China's imports experienced a year-on-year increase of 1.3%, reaching USD 219.4 billion. This marked the third consecutive month of growth, yet it fell short of market forecasts, which predicted a 3.0% rise. The growth rate also decelerated compared to July's increase of 4.1%, which was the highest recorded over the past year. The slower pace can be attributed to subdued domestic demand and the ongoing effects of U.S. tariffs, which dampened trade momentum. From the beginning of the year up to August, imports declined by 2.2% to USD 1.66 trillion. This decrease reflected reduced import levels from several key regions, with drops noted from the United States (-11.0%), the European Union (-4.8%), Russia (-9.1%), and ASEAN countries (-0.3%).