AI Data Insight
In the third quarter of 2026 (August), the year-over-year growth rate of China's customs-supervised inbound and outbound shipments dropped to 8.70%, showing a continuous slowdown from 9.94% in the previous month. Although USD-denominated export value surged by 25% in the same period, matching expectations, the effect of chip price hikes and weather conditions limited the actual expansion of logistics. Looking ahead, with a higher base period and intensifying tariff pressures from the US and Europe, the momentum of physical foreign trade may face further pressure in the fourth quarter.