German Foreign Trade Association: China's Exports to Germany Surge
The German Foreign Trade Association (BGA) believes there are clear signs that products originally targeted at the U.S. market are now shifting to Europe.
"The sharp increase in China's exports to Germany compared to the previous year is not accidental," said the association's chairman, Jandura, on Thursday (July 10) to Reuters. He said this was a direct consequence of President Trump's tariff war. "Those that could no longer be exported to the U.S. are now intensifying their efforts to shift to the European market."
According to Chinese customs data, China's exports to the U.S. fell by 34.5% in May, the largest drop since the outbreak of the COVID-19 pandemic in 2020. In contrast, China's exports to Europe increased by 12%.
According to data from the German Federal Statistical Office, imports from China increased by more than 10% in January-May, reaching 67.5 billion euros.
The German Foreign Trade Association said that data from the past few weeks on air freight and container business indicate that even more goods may be flowing toward Europe.
Due to high tariffs in the U.S., e-commerce exports from China to the U.S. have sharply declined: According to analysis by consulting firm Aevean, e-commerce exports to the U.S. fell by 43% year-on-year in May. The company's director, Bliem, said this trend is expected to continue, "e-commerce exports to Europe are expected to increase in June."
The German Retail Association (HDE) said competition from Chinese e-commerce platforms such as Shein and Temu has intensified, and part of the reason is President Trump's trade policies, which make it harder to enter the U.S. market. "These goods are now flowing toward Europe," said HDE's chairman, von Pflug.
Original article: https://www.toutiao.com/article/1837415314159628/
Statement: This article represents the personal views of the author.