China Trade

On August 7, the review meeting on the group standard Specifications for the Construction and Operation Management of the Open Digital Trade Industry-Education Integration Practice Center in China.

According to China Customs data, in the first half of 2025, China imported 320.3 tons of epichlorohydrin, down 18.5% year-on-year, with an average import price of USD 1,380.6/ton, a 4.1% decrease year-on-year.

According to the latest customs data, in June 2025, China imported 0.9 tons of dichloromethane, down 93.2% month-on-month (MoM) and down 86.9% year-on-year (YoY)

According to the latest statistics from China Customs, in the first seven months of 2025, the total value of China's goods trade reached RMB 25.7 trillion, marking a year-on-year increase of 3.5%.

In June 2025, China imported 0.9 tons of dichloromethane, a decrease of 93.2% month-on-month and a 86.9% drop year-on-year. Exports totaled 13,215.4 tons, a month-on-month decrease of 29.5%.

Minister of Commerce Wang Wentao and Secretary of the Department of Foreign Affairs and Trade of Australia, Frances Adamson, signed a Memorandum of Understanding (MoU) on the implementation and review of the China-Australia Free Trade Agreement (ChAFTA).

The total value of China's goods trade in the first half of 2025 reached RMB 21.79 trillion, an increase of 2.9% year-on-year - a pace 0.4 percentage points faster than the growth recorded in the first five months of the year.

In May 2025, China imported 224,700 metric tons of ethylene, marking a month-on-month increase of 8.56% and a year-on-year rise of 12.55%.

China's methanol market in June was marked by a clear macro-driven uptrend, underpinned by historic highs in domestic production, robust import volumes, and varied downstream demand dynamics.

According to the latest data from China's National Bureau of Statistics, the country's caustic soda production (100% basis) reached 3.791 million metric tons (MMT) in May 2025, marking a 2.3% year-on-year (YoY) increase.

In April 2025, China imported 777.3 metric tons of hydrochloric acid (HCl), marking a 4.4% year-on-year increase, while exports surged to 4,180.3 metric tons, up 70.2% compared to the same period last year.

According to China Customs data, China imported 207,000 tonnes of ethylene in April 2025, down 4.47% from the previous month but up 48.48% year-on-year.

On June 9-10 local time, Chinese Vice Premier He Lifeng, China's lead representative on economic and trade issues, held the first meeting of the China-U.S. Economic and Trade Consultation Mechanism in London with U.S. counterparts

In 2024, China imported 4.7 million tons of U.S. ethane, all for ethylene production (3.8 million t/y).

According to data from the General Administration of Customs, China's total goods trade reached RMB 17.94 trillion in the first five months of 2025, representing a year-on-year (YoY) increase of 2.5%.

On June 1, the Arrangement between the General Administration of Customs of the People's Republic of China and the Customs General Administration of Mongolia on the Mutual Recognition of the AEO Systems officially came into effect.

Production of synthetic detergents dropped to 870,000 metric tons in April, down 4.5% from the same month in 2024.

On May 21, China's Ministry of Commerce announced that the Special China-ASEAN Economic and Trade Ministers' Meeting was held virtually on May 20.

China's methanol market is expected to remain volatile during the week of May 19-25, 2025, driven by a mix of bullish and bearish factors, with regional divergence likely.

China imported 5.7 tonnes of dichloromethane in March 2025, marking a year-on-year increase of 2.3%. Exports during the same period reached 27,173.3 tonnes, up 4.8% year-on-year.

In March 2025, China's urea trade showed a sharp divergence between imports and exports, reflecting shifting dynamics in domestic supply and global demand.

The tariff rate will be adjusted from 34% to 10%, and the 24% additional tariff rate on the United States will be suspended within 90 days.

The 'reciprocal tariffs' on Chinese goods will be reduced to 10%, and the tax rates for 'small-value imports' will be lowered.

As needed, both sides can conduct working-level consultations on relevant economic and trade issues.

High-level China-U.S. economic and trade talks were held in Geneva, Switzerland, from May 10 to 11.

Total Value of Imports and Exports by Major Countries and Regions - April 2025

According to data released by China Customs, the total value of China's goods trade in the first four months of 2025 reached RMB 14.14 trillion, an increase of 2.4% year-on-year (YoY).

Effective May 7, 2025, China will impose anti-dumping duties on imports of cypermethrin originating from India

The services trade deficit stood at RMB 303.88 billion, narrowing by RMB 24.46 billion compared to the same period last year.

According to the Framework Agreement, both sides will work together to promote the development of manufacturing and the transformation and upgrading of agriculture in African countries