AI Data Insight
China's import and export value month-on-month (MoM) growth rate for the third quarter of 2026 (July) was -2.5%, a significant pullback from the 7.5% in the second quarter (June). Although the year-on-year (YoY) growth rate of AI and electric vehicle-related products remains strong, the monthly trade momentum has visibly cooled due to the fading of the front-loading effect prior to the implementation of US and European tariffs, as well as disruptions from extreme weather. Going forward, continued attention must be paid to the downward pressure on the overall economy brought by weak domestic demand and US/European trade barriers.