According to data released by China’s General Administration of Customs on May 11, 2026, China’s total goods trade volume for the first four months reached RMB 16.23 trillion, up 14.9% year-on-year, maintaining strong growth momentum. In April alone, total trade stood at RMB 4.38 trillion, up 14.2% YoY; exports were RMB 2.48 trillion (+9.8% YoY), and imports RMB 1.90 trillion (+20.6% YoY), with imports growing much faster than exports, signaling improving domestic demand. Trade structure continued to improve. Exports of mechanical and electrical products, new energy goods, semiconductors and green tech-related items performed strongly, while imports of commodities and high-end equipment increased. Analysts believe that global supply chain diversification, progress in regional trade agreements, and China’s manufacturing competitiveness have jointly underpinned foreign trade resilience. Exports are expected to remain supported in Q2, and imports will keep improving alongside consumption and investment recovery.