AI Data Insight
China's import and export trade freight volume in Q3 2026 (August) fell by 6.78% year-on-year, deteriorating further from the previous -5.40% YoY decline. Although export value during the same period achieved double-digit growth driven by high-tech products, physical freight volume continued to face pressure due to extreme weather disruptions and sluggish traditional domestic and external demand. In the short term, the decline in freight volume is expected to narrow with the holiday restocking wave, but in the medium term, vigilance is still needed against the downside risks of tariff barriers from Europe and the US.