FX.co ★ China Import Growth at Over 4-Year High

China’s imports surged 27.8% year-on-year to a record high of USD 511.3 billion in March 2026, far surpassing market expectations of an 11.1% increase and accelerating from an upwardly revised 19.8% gain in the January–February period. This marked the fastest pace of import growth since November 2021 and reflected China’s efforts to secure key resources despite elevated costs stemming from the ongoing war in Iran, which has disrupted global energy supplies, particularly shipments transiting the Strait of Hormuz. Over the first three months of the year, total imports rose 22.7% to USD 2.64 trillion.