Major Taiwanese news network Liberty Times Network (LTN) recently reported that, China’s General Administration of Customs just released its October data. Statistics showed that, in U.S. dollar terms, China’s exports unexpectedly contracted by 1.1 percent in October, a sharp drop from the 8.3 percent year-over-year increase in September and also lower than the expected growth of three percent. Among them, exports to the United States fell by 25 percent year-over-year in October, a sharper decline from the 23 percent year-over-year decrease in September, marking the seventh consecutive month of double-digit decline.
Due to the decline in the momentum of companies making advance purchases to avoid tariffs, China’s exports unexpectedly contracted in October. Excluding the data distortion in February due to the Chinese New Year holiday, this is the first contraction since March 2024.
The Customs data also shows that China’s imports rose one percent year-over-year in October, lower than the expected 3.2 percent and a sharp drop from the 7.4 percent jump in September. China’s prolonged housing market slump and weak job market continue to impact consumer demand.
Despite a decline in exports to the United States, China’s overall exports grew by 5.3 percent year-over-year in the first 10 months of this year, with exports to ASEAN, the European Union, and Africa increasing by 14.3 percent, 7.5 percent, and 26.1 percent year-over-year, respectively.
Source: LTN, November 7, 2025
https://ec.ltn.com.tw/article/breakingnews/5222958