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China’s exports surge 21.8% in first 2 months of year

China’s export growth accelerated sharply in the first two months of this year, defying last year’s high base while experts pointed to the likelihood of strong momentum for the rest of the year. Exports rose by 21.8 per cent from a year earlier to US$656.58 billion in the combined figures for January and February released by the customs administration on Tuesday. This represented a huge jump from the 6.6 per cent growth recorded in December and the 5.5 per cent climb recorded for all of last...

Mar 10, 2026 &03111010202631; 03:11 UTC www.scmp.com Trending 4/5

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Positive for markets

Sentiment score: +75/100

High impact Medium-term (weeks)

WHAT THIS MEANS

China's exports surged 21.8% in the first two months of 2024, reaching $656.58 billion and significantly outpacing December's 6.6% growth, signaling strong momentum for global trade and manufacturing sectors. This acceleration defies high year-over-year comparisons and suggests robust demand for Chinese goods, with positive implications for export-dependent economies and supply chain participants.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Euro Stoxx 50

^STOXX50EIndex

Expected to rise

European exporters and manufacturing companies benefit from strong Chinese demand and global trade momentum

↑

DAX (Germany)

^GDAXIIndex

Expected to rise

German industrial and automotive sectors gain from increased global trade activity and Chinese import demand

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FTSE MIB (Italy)

FTSEMIB.MIIndex

Expected to rise

Italian luxury and manufacturing exports benefit from robust global economic conditions

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

Strong Chinese export growth indicates robust manufacturing activity and increased energy demand

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Euro / US Dollar

EURUSDCurrency

Expected to decline

Strong global growth from China may support risk appetite, potentially weakening safe-haven demand for USD

PRICE HISTORY

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⚡ SUGGESTED ACTION

Long European industrial and manufacturing indices (STOXX50E, GDAXI) as beneficiaries of Chinese export-driven global growth. Consider commodity exposure (CL=F) for energy demand upside, while monitoring currency pairs for risk-on sentiment shifts.

KEY SIGNALS

Export acceleration from 6.6% to 21.8% YoY growthStrong momentum despite high base comparisonsGlobal trade recovery indicatorsManufacturing sector strengthSupply chain normalization

SECTORS INVOLVED

ManufacturingLogistics & ShippingIndustrial GoodsTechnology HardwareAutomotiveLuxury Goods

Analysis generated on Mar 10, 2026 at 03:24 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by SCMP Business. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

China’s exports surge 21.8% in first 2 months of year

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