From 'world factory' to 'world market': China's imports surge 22% in first seven months

Updated: 2026-08-20 11:15:03
Source: Ecns.cn
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(ECNS)-- China’s imports rose 22% year on year in the first seven months of 2026, outpacing export growth by 8 percentage points, according to data from the General Administration of Customs. 

The strong growth highlights China’s expanding role as a major global consumer market alongside its long-standing position as the “world’s factory.”

An overseas buyer talks with an exhibitor at the 139th China Import and Export Fair on April 19, 2026. (Photo: China News Service/Chen Jimin)

In the first half of the year, industrial raw materials and components were among the main drivers of import growth. Imports of metal ores rose 22.6%, while imports of electronic components jumped 45.6%, supporting China’s high-end manufacturing sector and industrial supply chains.

Consumer goods also recorded robust growth, with imports of edible oils and aquatic products increasing 19.2% and 24.1%, respectively.

Market-opening measures have provided further momentum. Following the introduction of zero-tariff treatment for 53 African countries on May 1, China’s imports from Africa rose 23.5% over the following two months.

China has now granted zero-tariff treatment to 63 countries, while its overall tariff level has fallen to 7.3%. As the largest export market for nearly 80 countries, China has remained the world’s second-largest import market for 17 consecutive years. 

(By Helen Mo, intern Lin Qiaochu)