China's exports grow 21.8% in first two months of 2026

China's trade performance exceeded expectations at the beginning of 2026, with exports rising sharply. The growth rate reached 21.8% year-on-year for January and February, compared to 5.5% in the previous year. This surge was propelled by key sectors amid global demand.

China's exports expanded by 21.8% year-on-year during the first two months of 2026, marking a significant acceleration from the 5.5% growth recorded in 2025. This figure surpassed market forecasts, signaling a robust start to the year for the country's trade sector.

The increase was primarily driven by shipments in ships, chips, and automobiles, which continued to fuel export strength. Global demand played a crucial role in countering the negative effects of US tariffs on Chinese goods.

Alongside the export boom, imports also showed strong growth, which could reassure trading partners. This development aligns with China's efforts to achieve a more balanced trade profile.

Lynn Song, Chief Economist for Greater China at ING, highlighted these trends in an analysis published on March 10, 2026. The data underscores the resilience of China's export engines despite external pressures.

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Illustration of China's record Q1 foreign trade growth, depicting a busy port with ships, cranes, and surging trade graphs.
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China's Q1 foreign trade up 15%, fastest in five years

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China's foreign trade reached 11.84 trillion yuan ($1.63 trillion) in the first quarter of 2026, up 15% year on year, the fastest quarterly growth in nearly five years, officials from the General Administration of Customs announced on Tuesday. Exports totaled 6.85 trillion yuan, up 11.9%, while imports rose 19.6% to 4.99 trillion yuan. The figure marks the first time first-quarter trade has exceeded 11 trillion yuan.

China's economy posted a steady recovery in the first four months of 2026, with key indicators rebounding and new growth drivers gaining momentum.

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Official data showed China's value-added industrial output rose 5.6 percent year on year in the first four months of 2026. Growth in April reached 4.1 percent from a year earlier.

South Korea's exports rose 65 percent from a year earlier in the first 20 days of May, driven by a sharp increase in semiconductor shipments.

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South Korea's real GDP jumped 1.7 percent in Q1 2026 from the prior quarter—the strongest growth in 5½ years—despite Middle East tensions, easily topping the Bank of Korea's 0.9 percent forecast on robust exports and steady domestic demand. Part of the rebound following 2025's modest 1% annual expansion (see prior article in series).

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