--- title: China’s shipments to the U.S. plunged 33% in August description: "While overall exports growth slowed to its weakest level in six months, and President Donald Trump’s policy targeting trans-shipments weighed on exports and businesses, frontloading activity lost momentum.\n\n👉Imports from the U.S. also dropped 16% from a year ago, customs data showed.\n👉China’s total exports climbed 4.4% in August in U.S. dollar terms from a year earlier, customs data showed Monday, marking their lowest growth since February while missing Reuters-polled economists’ estimates for a 5.0% rise.\nThat growth slowed from the prior two months, in part reflecting the statistical effect of a high base last year when China’s exports grew at their fastest pace in nearly one-and-a-half years.\n👉Imports rose 1.3% last month from a year ago, missing Reuters estimates for a 3% growth. Imports rose for a third straight month after returning to growth in June, albeit still muted due to the persistent real estate slump, rising job insecurity, among other things.\n\n➡️ China has increasingly relied on alternative markets, particularly Southeast Asia and European Union nations, Africa and Latin America, as U.S. President Donald Trump’s trade policy has pressured U.S.-bound shipments.\n\nNonetheless, no one country has come close to the U.S. which remains China’s largest trading partner on a single-country basis, absorbing $283 billion of Chinese goods this year as of August. Exports to the EU stood at $541 billion over the same period.\n\nBeijing and Washington on Aug. 11 agreed to extend their tariff truce by another 90 days, locking in place U.S. tariffs of around 55% on Chinese imports and 30% Chinese duties on U.S. goods, according to Peterson Institute for International Economist.\n\nBut bilateral talks appear to be struggling to reach a breakthrough, with a late-August visit to Washington by top Chinese trade negotiator Li Chenggang yielding little progress.\n\nSource: CNBC" image: https://blog.syzgroup.com/hubfs/4-Sep-08-2025-09-54-44-7136-AM.jpg --- [![Syz Private banking](https://blog.syzgroup.com/hs-fs/hubfs/Logo.png?width=140&name=Logo.png "Syz Private banking")](https://www.syzgroup.com/fr) ## **Thinking** out loud [Subscribe](https://25733253.hs-sites-eu1.com/newsletter-signup?hsLang=en) [![Contact Us](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2) - [OUR SERVICES](https://www.syzgroup.com/en/private-banking) - [ABOUT SYZ](https://www.syzgroup.com/en/about/welcome-to-syz) - [CAREERS](https://www.syzgroup.com/en/careers) - [PRESS](https://www.syzgroup.com/en/news) - [Blog Homepage](https://blog.syzgroup.com) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thoughts/tag/the-week-in-seven-charts) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Fixed Income Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [Equity Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [CONTACT](https://www.syzgroup.com/en/contact-us/form) - [ENGLISH](https://www.syzgroup.com/) - [FRANÇAIS](https://www.syzgroup.com/fr) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [The week in seven charts](https://blog.syzgroup.com/slow-food-for-thoughts/tag/the-week-in-seven-charts) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [Weekly Equities](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Our Services](https://www.syzgroup.com/en/private-banking) - [About Syz](https://www.syzgroup.com/en/about/welcome-to-syz) - [Careers](https://www.syzgroup.com/en/careers) - [Press](https://www.syzgroup.com/en/news) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [English](https://www.syzgroup.com/) - [Français](https://www.syzgroup.com/fr) ## **Sign-up** for our newsletter This website uses cookies to enhance user navigation and to collect statistical data. 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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. 8 Sep 2025 - - - #### China’s shipments to the U.S. plunged 33% in August While overall exports growth slowed to its weakest level in six months, and President Donald Trump’s policy targeting trans-shipments weighed on exports and businesses, frontloading activity lost momentum. 👉Imports from the U.S. also dropped 16% from a year ago, customs data showed. 👉China’s total exports climbed 4.4% in August in U.S. dollar terms from a year earlier, customs data showed Monday, marking their lowest growth since February while missing Reuters-polled economists’ estimates for a 5.0% rise. That growth slowed from the prior two months, in part reflecting the statistical effect of a high base last year when China’s exports grew at their fastest pace in nearly one-and-a-half years. 👉Imports rose 1.3% last month from a year ago, missing Reuters estimates for a 3% growth. Imports rose for a third straight month after returning to growth in June, albeit still muted due to the persistent real estate slump, rising job insecurity, among other things. ➡️ China has increasingly relied on alternative markets, particularly Southeast Asia and European Union nations, Africa and Latin America, as U.S. President Donald Trump’s trade policy has pressured U.S.-bound shipments. Nonetheless, no one country has come close to the U.S. which remains China’s largest trading partner on a single-country basis, absorbing $283 billion of Chinese goods this year as of August. Exports to the EU stood at $541 billion over the same period. Beijing and Washington on Aug. 11 agreed to extend their tariff truce by another 90 days, locking in place U.S. tariffs of around 55% on Chinese imports and 30% Chinese duties on U.S. goods, according to Peterson Institute for International Economist. But bilateral talks appear to be struggling to reach a breakthrough, with a late-August visit to Washington by top Chinese trade negotiator Li Chenggang yielding little progress. Source: CNBC [#United States|](https://blog.syzgroup.com/syz-the-moment/tag/united-states) [#china](https://blog.syzgroup.com/syz-the-moment/tag/china) ![China’s shipments to the U.S. plunged 33% in August](https://blog.syzgroup.com/hubfs/4-Sep-08-2025-09-54-44-7136-AM.jpg) ![China’s shipments to the U.S. plunged 33% in August](https://blog.syzgroup.com/hubfs/4-Sep-08-2025-09-54-44-7136-AM.jpg) #### Disclaimer This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. Read More ## Related Articles [AI|](https://blog.syzgroup.com/syz-the-moment/tag/ai) [china](https://blog.syzgroup.com/syz-the-moment/tag/china) #### [China’s export machine is booming. Its consumers are struggling.](https://blog.syzgroup.com/syz-the-moment/chinas-export-machine-is-booming.-its-consumers-are-struggling?hsLang=en) September delivered another enormous trade surplus: $133.5 billion, with exports surging 36.3% year-on-year. Expecting Beijing to abandon export-led growth anytime soon looks wishful. China’s economy is increasingly K-shaped: • The upper arm: exporters and advanced manufacturers benefit from global demand for chips, AI infrastructure and green technology. • The lower arm: households face property-related wealth losses, a soft job market and pressure to repay debt. Consumption remains weak as families protect their finances. Factories can thrive even while consumers feel poorer. That leaves Beijing heavily dependent on overseas demand to compensate for weakness at home—and makes a rapid pivot away from exports unlikely. Until Chinese households regain the confidence to spend, the world will keep absorbing the output of China’s factories. Source: Robin Brooks **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 15/10/2026 [Food for Thought|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) [china](https://blog.syzgroup.com/syz-the-moment/tag/china) #### [China’s exports grew by 36.3% in September from a year ago, their fastest pace since February, according to official data released Wednesday.](https://blog.syzgroup.com/syz-the-moment/chinas-exports-grew-by-36.3-in-september-from-a-year-ago-their-fastest-pace-since-february-according-to-official-data-released-wednesday?hsLang=en) Imports climbed by 31%, the fastest increase since June, the data showed, picking up from 28.2% in August. Both exports and imports exceeded estimates from a Reuters poll, of 25.5% and 24.5%, respectively. Earlier this year, China’s exports and imports each grew at their fastest pace in five years. A surge in demand for China-made parts for data centers to power artificial intelligence has helped fuel exports, along with stabilization in tensions with the U.S., China’s largest trading partner on a single-country basis. Source: CNBC **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 14/10/2026 [Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [china](https://blog.syzgroup.com/syz-the-moment/tag/china) #### [While global yields are surging... China’s are plunging.](https://blog.syzgroup.com/syz-the-moment/while-global-yields-are-surging...-chinas-are-plunging?hsLang=en) China can now borrow ~60% cheaper than the US. And through Panda bonds, foreign nations and corporations can access China’s cheap yuan funding. Brazil is preparing its first Panda bond... the largest-ever debut by a foreign sovereign. Issuers can raise yuan and use it directly to buy Chinese goods and fund operations in China instead of first raising USD. Source: Lukas Ekwueme @ekwufinance **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 14/10/2026 ## Straight from the Desk # Syz the moment Live feeds, charts, breaking stories, all day long. [Discover more](https://blog.syzgroup.com/syz-the-moment) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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