BREAKING: Chinese exports rose +3% YoY in March, the smallest increase since October 2025.

This marks a sharp slowdown from the +40% surge in February.

Chinese imports surged +28% YoY last month, the highest since late 2021, driven by a +50% jump in integrated circuit purchases as AI-related demand accelerated.

Furthermore, nearly 40% of total import growth came from high-tech products.

As a result, China's trade surplus narrowed to +$51 billion, the smallest in over a year.

Meanwhile, exports to the US fell -26% YoY in March, resuming the decline after a brief recovery in February.

AI and geopolitics are reshaping Chinese trade.