China rides export surge into Trump-Xi talks
China reported a 14.1% year-over-year jump in April exports as it braces for the Trump-Xi summit, signaling solid overseas demand despite broader global tensions.
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Ukraine closes the Tomahawk gap with homegrown missiles and a new export push
After Trump scrapped a European Tomahawk deployment, Ukraine accelerated its own long-range missiles (Flamingo and Neptune) and opened formal arms exports, setting up joint production lines in Europe and defense deals with Gulf states, signaling Kyiv’s move from reliance on US weapons to an autonomous, export-ready defense role within NATO.
Tuapse Oil Hub Hit: Kyiv Claims $300M+ Damages and Export Losses
Kyiv says Ukrainian strikes on Russia’s Tuapse port facilities and the Tuapse refinery in April and May 1 caused more than $300 million in direct damage and substantial losses from halted oil exports, with earlier attacks triggering fires, damaging storage tanks and prompting environmental concerns along the Black Sea coast; Ukrainian officials say the campaign is aimed at degrading Russia’s oil-refining capacity and its broader military-economic strength.
China delivers 5% Q1 growth on export strength, despite tepid domestic demand
China’s economy grew 5% in the first quarter, beating economists’ expectations as robust exports offset weak domestic demand. Industrial output rose 5.7% and retail sales gained 1.7% in March, while fixed-asset investment climbed 1.7% and property investment fell 11.2%. Unemployment stood at 5.4%. Beijing kept a 4.5–5% annual target, but the outlook faces pressure from higher energy costs linked to the Iran conflict and a softer global demand environment.
China’s March exports rise 2.5% as global demand cools and Iran tensions loom
China’s exports grew 2.5% in March, signaling a sharp slowdown as weakening global demand and uncertainty from the Iran conflict weigh on shipments.
China’s March Trade Flows Diverge: Exports Slow, Imports Surge
China’s exports rose 2.5% year-on-year in March, missing estimates, while imports jumped 27.8%—the strongest growth since November 2021—pushing the overall trade surplus down about 3%; analysts attribute the divergence to weaker global demand amid Middle East tensions and higher energy costs, with first-quarter GDP expected around 4.8% in Reuters polls.
China's March NEV sales jump from February but remain down year-on-year
China's March passenger NEV retail sales reached 848,000 units, up 82.6% from February but down 14.4% year-on-year, while March NEV exports rose 139.9% year-on-year to 349,000 units, according to CPCA data and accompanying charts.
China manufacturing PMI hits a year-high as March expansion gains speed
China’s official manufacturing PMI rose to 50.4 in March, the strongest reading in a year and above expectations, signaling expansion after two months of contraction as production and new orders grew; however, inventories, employment, and delivery times remained contracted, while the non-manufacturing PMI rose to 50.1 and export demand picked up.
BYD Bets Big on Overseas Growth, Targeting 1.5 Million Exports in 2026
BYD signaled exports will likely beat its prior 2026 target by about 15%, aiming for 1.5 million vehicles as overseas demand offsets a domestic sales slump; the Shenzhen automaker had already exported over 1 million vehicles last year and is expanding its international footprint to sustain growth.
Japan's February exports rise 4.2% as China and U.S. demand softens
Japan's February exports rose 4.2% year-on-year, beating Reuters forecasts but slowing from January's surge; shipments to mainland China fell 10.9% and to the U.S. dropped 8%, while exports to Southeast Asia rose 5.1% and Western Europe climbed. Auto exports to the U.S. fell 14.8% and semiconductor shipments jumped 25.1%, with overall gains supported by other regions as Japan awaits BOJ policy talks.
Holiday-driven demand and exports lift China’s early-2026 momentum
China kicked off 2026 on firmer footing as consumption and production beat expectations: retail sales rose 2.8% year‑on‑year in Jan–Feb, helped by the Lunar New Year; industrial output climbed 6.3%; exports surged nearly 22%; fixed-asset investment excluding real estate rose 5.2% as infrastructure and manufacturing supported growth. Real estate remained weak with new-home prices down 3.2%. Geopolitical tensions and higher energy costs pose headwinds, but China’s energy supply is ample and policy makers have set a 2026 GDP growth target of 4.5%–5%.
China’s chip- and car-led export surge defies slowing U.S. demand
China posted a nearly 22% jump in exports for January–February, led by semiconductors (up about 73%), autos (67%), and electronics, as demand outside the U.S. rose even as shipments to America fell roughly 11%. Imports rose about 20%, producing a January–February trade surplus of about $213.6 billion. The data come as Beijing targets 2026 growth of 4.5%–5% amid global tensions and domestic weakness, with AI-driven chip demand helping sustain export strength.
China Posts Historic Trade Surplus as Exports Jump in Jan–Feb
China posted a record trade surplus of $213.62 billion for January–February as exports surged 21.8% year over year and imports rose 19.8%, underscoring resilient growth despite ongoing U.S.–China tensions and signaling a limited near-term stimulus outlook after Beijing's Two Sessions.
Iraq’s oil output plunges ~60% as Gulf tanker routes are disrupted, Bloomberg reports
Bloomberg reports Iraq’s oil production has fallen roughly 60% to about 1.7–1.8 million barrels per day as Iran-related conflict disrupts tanker access and chokepoints through the Strait of Hormuz, with limited export capacity and Gulf producers like the UAE and Kuwait cutting output while storage fills up.
US trade deficit widens to a fresh peak as imports outpace exports
Last year the US posted a record $3.4 trillion in goods imports and a goods-and-services deficit near $901.5 billion, pushing the overall goods deficit to about $1.2 trillion despite sweeping tariffs. Exports rose to new highs, and the US-China gap narrowed about 30% to $202.1 billion, while gaps widened with Mexico, Vietnam and Taiwan. Analysts say tariff effects may take time to materialize amid ongoing legal challenges to the tariffs.