Trade Data Monitor LLC’s Post

China’s Foreign Trade Hits Record High in 2024 China’s total goods trade value reached 43.85 trillion yuan in 2024, a 5% year-on-year increase, setting a new record. Exports rose to 25.45 trillion yuan, up 7.1%, marking eight consecutive years of growth. Imports totaled 18.39 trillion yuan, growing by 2.3%. Improvements were seen in trade volume, growth, and quality. In September 2024, the package of incremental policies deployed at the time to promote stable growth in foreign trade effectively drove the continuous growth of foreign trade. By Q4 2024, China’s total foreign trade value reached 11.51 trillion yuan, setting a quarterly record with growth accelerating by 0.4 percentage points compared to Q3. In December, total imports and exports surpassed 4 trillion yuan for the first time, with monthly growth reaching 6.8%. Policy support and high-quality development have further strengthened China’s significant position in the global market. Exports exceeded 25 trillion yuan for the first time, showcasing the strong international competitiveness of Chinese products. Stable import growth reflects the resilience of domestic demand.

'To fight back, developing countries have implemented almost 250 trade-defense measures affecting Chinese imports since the start of 2022, including tariffs, antidumping investigations and antisubsidy probes ... '[China's] own economy too weak to buy much more of their exports, pushing trade tensions higher. 'Since the real-estate bubble popped in 2021, China’s leaders have been pouring money into industry, which has led to ballooning production and a surge in exports. 'Instead, China has held on to big chunks of manufacturing, while doing little to stimulate consumer spending so it can absorb what it produces. China’s share of global goods exports in 2023 was 15%, up 2 percentage points since 2019. 'Brazil has one of the world’s largest supplies of iron ore, a key component in steel. But it is often cheaper to ship it over 10,000 miles to China and import it back as steel, rather than produce locally, causing some businesses to rethink investments in Brazil. '... Chinese competition isn’t just an issue for the domestic market—it is also squeezing profits emerging-market firms earn abroad'. https://archive.md/v0JHx 

𝐆7: 𝐅𝐫𝐨𝐦 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐭𝐨 𝐃𝐞𝐜𝐥𝐢𝐧𝐞 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐓𝐫𝐚𝐝𝐞 In just 23 years, the global trade landscape has transformed dramatically. Back in 2000, 7 out of the 8 largest exporters were G7 countries, led by the United States. From this position of overwhelming dominance, it was easy to champion globalization, barrier-free trade, and unified rules under the WTO. 𝐁𝐮𝐭 𝐭𝐡𝐞𝐧, 𝐂𝐡𝐢𝐧𝐚 𝐚𝐜𝐡𝐢𝐞𝐯𝐞𝐝 𝐭𝐡𝐞 𝐮𝐧𝐭𝐡𝐢𝐧𝐤𝐚𝐛𝐥𝐞 🇨🇳: After joining the WTO in 2001, China increased its exports by 13.5 times, surpassing all developed nations. Today, the G7’s role in global trade has become a shadow of its former glory. The enthusiasm for globalization has faded, replaced by protectionism, import tariffs, and shifting priorities. The next major driver for export development will be 𝐭𝐡𝐞 𝐜𝐚𝐫 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲. Even though the U.S. and EU are implementing significant import tariffs, 𝐭𝐡𝐞 𝐫𝐞𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐰𝐨𝐫𝐥𝐝 𝐰𝐢𝐥𝐥 𝐠𝐚𝐢𝐧 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬, including countries with lower purchasing power—similar to what happened with electronic watches and affordable home electronics. Electric Vehicles (EVs) can even be charged using solar panels, which 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭𝐥𝐲 𝐞𝐱𝐩𝐚𝐧𝐝𝐬 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 potential, especially in regions with limited infrastructure. 𝐂𝐡𝐢𝐧𝐚 𝐡𝐚𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐧𝐞𝐞𝐝𝐞𝐝 𝐭𝐨 𝐬𝐮𝐩𝐩𝐥𝐲 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐄𝐕𝐬: - Advanced technologies - Extensive production facilities - Access to critical raw materials With these advantages, China is well-positioned to dominate the global EV market. 𝐓𝐡𝐢𝐬 𝐬𝐡𝐢𝐟𝐭 𝐮𝐧𝐝𝐞𝐫𝐬𝐜𝐨𝐫𝐞𝐬 𝐚 𝐧𝐞𝐰 𝐞𝐫𝐚 𝐨𝐟 𝐠𝐥𝐨𝐛𝐚𝐥 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧. As the trade map evolves, traditional powerhouses must rethink their strategies to stay relevant.

2024 US-Brazil Trade Overview Throughout 2024, the US experienced a dynamic trade relationship with Brazil, showcasing a year of growth in exports and a positive trade balance. Total for 2024: US Exports to Brazil: $45,377.9 million US Imports from Brazil: $38,531.5 million Trade Balance: A significant surplus for the US at $6,846.4 million. This year's figures indicate a strengthening economic partnership, with opportunities for further collaboration in 2025. #USBrazilTrade #EconomicGrowth #TradeBalance #TradeStatistics2024

China with significant export growth in June? – Stainless Espresso 27 June 2024 – Economists expect export growth in China to be significantly higher than previously assumed. US communication service providers show strong performance. And criticism from Germany: EU not making progress on trade agreement. https://lnkd.in/ePkJEEFY #stainlesssteel #steel #stainlessespresso #metals #steelnews #steelmarket #germany #europeanunion #china #indonesia

China with significant export growth in June? – Stainless Espresso 27 June 2024 – Economists expect export growth in China to be significantly higher than previously assumed. US communication service providers show strong performance. And criticism from Germany: EU not making progress on trade agreement. #stainlesssteel #steel #stainlessespresso #metals #steelnews #steelmarket #germany #europeanunion #china #indonesia

China with significant export growth in June? – Stainless Espresso 27 June 2024 – Economists expect export growth in China to be significantly higher than previously assumed. US communication service providers show strong performance. And criticism from Germany: EU not making progress on trade agreement. #stainlesssteel #steel #stainlessespresso #metals #steelnews #steelmarket #germany #europeanunion #china #indonesia

Trump's Tariff Plans would hit major trade partners worldwide #TradeImpact #GlobalEconomy #TariffEffects #EconomicPolicy #InternationalRelations #TradePartners #TrumpTariffs #MarketChallenges #TradeNegotiations #GlobalTrade #international trade #trade #economy#TradePartners #TariffImpact #GlobalTrade #EconomicPolicy #TrumpTariffs #InternationalRelations #TradeAgreements #MarketTrends #GlobalEconomy #TradeWar

China's foreign trade expanded 5.2% YoY to 36.02 trillion yuan ($5.02 trillion) in the January-October period of 2024, data showed. Notably, exports of electro-mechanical products surged by 8.5% YoY over the same period, while private companies contributed over half of the total foreign trade value. #InvestinChina #ChinaData #ChinaTrade #GlobalEconomy https://lnkd.in/gcwjbNfa

China’s Trade Resilience: Overcoming Challenges and Driving Innovation China continues to shine as a global powerhouse in the export of Air Operated Double Diaphragm (AODD) pumps, meeting industrial demands worldwide with exceptional precision and reliability. In 2022 alone, China exported air pumps worth an impressive $26.1 billion, with the United States standing as the largest importer, accounting for $4.67 billion of this trade. Yet, this success is not without its challenges. The ever-evolving trade policies and economic strategies between China and the U.S. have brought significant shifts to the global trade landscape. The anticipation of increased U.S. tariffs fueled a proactive surge in Chinese exports, with manufacturers racing to fulfill orders before new trade barriers could take effect. This determination was evident in December 2024, when China’s exports surged by 10.7%, surpassing expectations and showcasing the resilience of its manufacturing sector. However, tariffs have also introduced hurdles. Experts predict that China’s economic growth may slow to 4.5% in 2025 and 4.2% by 2026, with sectors like the production and export of AODD pumps feeling the ripple effects. Despite these headwinds, Chinese companies have risen to the occasion, adapting to challenges and fostering innovation to remain competitive on the global stage. A shining example of this resilience is DJ Pump. In the face of economic uncertainty, DJ Pump achieved its second-highest sales performance in company history over the past year, second only to the record-breaking success of 2022. This achievement speaks volumes about the company’s dedication to quality, innovation, and customer satisfaction. Looking ahead, DJ Pump is unwavering in its commitment to breaking new ground and reaching even greater milestones. China’s adaptability and determination to thrive amid complex economic conditions continue to inspire confidence. With a vision of collaboration and growth, we embrace the challenges ahead, turning them into opportunities to innovate and lead. Together, we are building a future defined by resilience, progress, and success. DJ Pump | June Xu #GlobalTrade #AODDPumps #ResilienceInBusiness #ChinaTrade #InnovationAndGrowth (Image above: A visualization of China’s role in global trade and the export of AODD pumps, highlighting the U.S. as the largest importer. The industrial backdrop underscores innovation and resilience in challenging times.)