China's August Trade Surges as Imports Jump 28.2% and Exports Rise 25%

In August 2026, China's trade figures showed strong growth, with imports jumping 28.2% and exports rising 25%, according to customs data reported around September 8. This marked the sixth consecutive month that imports outpaced exports, and the country's trade surplus widened. The surge in imports was driven in part by a rebound in crude oil buying, as China added 650,000 ounces of gold in its biggest monthly purchase since 2023 and fuel exports jumped 29%. Meanwhile, car exports remained strong, though domestic sales declined further.

The robust trade performance comes as China faces tight domestic supply of refined oil products, yet it has not restricted exports, according to remarks at the APPEC conference. Additionally, China's first 88,000-cubic-meter very large gas carrier was completed, and the country is exploring a new Arctic trade route via a forgotten Soviet waterway. The 2026 CIFTIS event in Beijing highlighted China's services sector, aiming to connect with global markets.