ECONOMY

Emerging Markets Power China’s Export Growth as U.S. Sales Slump

Published: Dec. 4, 2025 2:12 p.m. GMT+8

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China’s exports to the U.S. have posted double-digit declines for seven consecutive months through October following the U.S.’s implementation of “reciprocal tariffs,” though overall shipments remain positive as exporters shift toward emerging markets.

Exports to the U.S. fell 25% year-on-year in dollar terms in October, and shipments for the first 10 months were down 17.7%. Despite this, China’s total exports grew 5.3% in January-October, supported by rising demand in Africa, Latin America and Southeast Asia.

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China’s exports to the U.S. fell 25% year-on-year in October and 17.7% over the first ten months of 2023, due to U.S. “reciprocal tariffs.”
Overall exports rose 5.3% from January to October, driven by increased shipments to Africa, Latin America, and Southeast Asia, with ASEAN contributing 42.8% of growth.
High-tech and industrial products, especially electric vehicles, batteries, and solar products, showed notable growth despite sectoral variances.

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