"China's trade surplus with the EU reached a record $83bn in the first three months of 2026, driven by a significant increase in electric vehicle exports."
"Sales of Chinese electric and hybrid cars almost doubled from $11bn in Q1 2025 to $20.6bn in Q1 2026, accounting for a third of all Chinese EV exports."
"Despite the ongoing conflict in the Middle East, China's economy has shown resilience, with trade remaining largely unaffected and the largest quarterly growth figures since 2022."
In the first quarter of 2026, China's trade surplus with the EU hit $83bn, with exports totaling $148bn and imports at $65bn. The demand for Chinese electric vehicles surged, with sales nearly doubling from $11bn in Q1 2025 to $20.6bn in Q1 2026. Europe accounted for 42% of Chinese EV sales. Despite the Iran war, China's economy showed resilience, and trade with the world remained largely unaffected. The EU faced a significant 'China shock' as indicated by declining exports to China, particularly in pork shipments.
Read at www.theguardian.com
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