BEIJING: China’s total goods trade reached 7.73 trillion yuan ($1.12 trillion) in the first two months of 2026, with year-on-year growth returning to double digits at 18.3 percent, according to data released by the General Administration of Customs (GAC) on Tuesday, maintaining a steady and positive momentum and underscoring the resilience of the world’s second-largest economy despite external headwinds.
This marks the first time China’s total goods trade has recorded double-digit growth in three years, since March 2023, the Global Times reporter observed.
The latest trade growth highlights the rising role of the world’s second-largest economy in international trade, signaling a steady rebound and bringing greater stability and predictability to a world overshadowed by geopolitical tensions and trade protectionism, a Chinese expert said.
The robust expansion also marks a good start of 2026, the inaugural year of China’s 15th Five-Year plan period (2026-30), during which policy priorities are geared toward expanding high quality development and continuously creating new quality productive forces, the expert said. According to data released by the GAC on Tuesday, both imports and exports experienced positive growth. China’s exports totaled 4.62 trillion yuan, up 19.2 percent year-on-year, while imports amounted to 3.11 trillion yuan, up 17.1 percent, per GAC.
The strong growth in both imports and exports reflects not only rising global demand for China-made products, but also the resilient consumption capacity of the world’s second largest economy, Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Tuesday, highlighting the country’s stabilizing role in international trade.
Among them, China’s trade with ASEAN reached 1.24 trillion yuan, up 20.3 percent year-on-year, with both imports and exports recording double-digit growth.
During the same period, trade with the EU totaled 998.9 billion yuan, rising 19.9 percent, as both imports and exports saw positive gains. Bilateral trade with Latin America also grew strongly, up 19.7 percent to 674 billion yuan.
Notably, trade with partner countries of the Belt and Road Initiative (BRI) surged to 4.02 trillion yuan, marking a year-on-year increase of 20 percent.
China-made advanced products have also gained foothold worldwide. Looking at key commodities, for example, the country’s exports of mechanical and electrical products reached 2.89 trillion yuan in the first two months, up 24.3 percent year-on-year, reflecting the growing global demand for China’s advanced manufacturing products. The strong growth in both imports and exports in the first two months has continued the momentum from last year, marking a strong start to 2026, the first year of China’s 15th Five-Year Plan period (2026-30).
“The growth trend in trade demonstrates the important role China plays in international trade. The rapid expansion reflects not only traditional industrial goods but also advanced manufacturing products, which are creating fresh drivers of growth,” Zhou said.
In addition, China’s efforts to diversify its trade have strengthened market development in emerging countries and regions, Zhou said, reflecting on the robust growth of BRI partner countries.
More importantly, against the backdrop of rising unilateralism and protectionism, China’s foreign trade growth serves as a vital stabilizer for the global economy and a key driver for enhancing supply chain resilience amid ongoing global supply chain restructuring, injecting a more positive outlook for the year ahead, the expert said.
While the figures with many other countries and regions saw positive growth, China’s trade with the US saw a 16.9 percent decrease year-on-year, with both imports and exports seeing a double-digit decline, according to the GAC’s data. –The Daily Mail-Global Times news exchange item
