Exports in the first two months of 2026 show strong growth, with a year-on-year increase of 21.8% exceeding expectations

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Caixin or benefiting from the improvement in global manufacturing prosperity and the “export rush” effect caused by China’s export tax rebate policy adjustments, China’s exports started 2026 strongly, with a significant year-on-year increase of 21.8% in the first two months, far exceeding market expectations.

According to data released by the General Administration of Customs on March 10, in USD terms, China’s exports for January-February 2026 totaled $656.58 billion, a year-on-year increase of 21.8%, with the growth rate significantly higher by 11.8 percentage points compared to the entire previous year; imports during the same period reached $442.96 billion, up 19.8% year-on-year, while the entire previous year’s imports showed zero growth year-on-year; the trade surplus for the same period was $213.62 billion, a year-on-year increase of 26.2%.

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