AI Data Insight
China's Q3 2026 import and export freight volume YoY growth rate dropped to -1.74%, representing a significant decline from the previous 3.23% in Q2 and turning from positive to negative. Although the foreign trade export value during the same period surged against the trend, benefiting from AI and semiconductor demand, the contraction in physical freight volume highlights the weak momentum of traditional bulk commodities. Looking ahead, the "price-volume divergence" phenomenon in the foreign trade structure is expected to persist, and it is necessary to closely monitor the further impact of European and American trade barriers on logistics.