AI Data Insight
China's cumulative import freight volume reached 1,463.426 million tons in April 2026. Compared to the cumulative 1,185.428 million tons in the first quarter, the growth rate has slowed down, with the single-month physical tonnage dropping by more than 6% compared to the same period last year. Although the overall import value increased significantly beyond expectations, it mainly benefited from the price surge of high-tech products and chips; crude oil and coal, which account for an extremely high proportion of weight, experienced a significant decline in actual import volume due to the disruption of geopolitical shipping. Going forward, close attention needs to be paid to the further interference of the Middle East shipping crisis and the Sino-US technology trade game on the import structure.