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May 11, 2026

China Commodity Trade Data

Monthly UpdateCommoditiesMacro Economic IndicatorsEnergyMaterials

China's commodity trade data for April 2026 shows a sharp weakening in imports, particularly in the energy sector due to logistics and demand issues. In contrast, bulk items like iron ore remained stable, while soybean imports spiked.

Key Takeaways

  • 1.China's commodity imports weakened sharply in April, primarily driven by energy flows hit by shipping disruptions and softer demand.
  • 2.Bulk commodities like iron ore remained resilient and broadly stable despite soft steel margins and property sector demand.
  • 3.Soybean imports saw a massive surge of nearly 40% year-on-year, contrasting with the general decline in energy imports.

Table of Contents

  • Authors
  • Contact
  • April 2026
  • Charts
  • Data
  • China's energy trade data
  • Important Notice

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Authors

Daniel HynesSoni Kumari

Securities

Crude OilIron OreRefined Copper

Themes

Shipping and Logistical DisruptionsUnwinding of Stockpiling Trends

Regions

Asia PacificChina