ANZ
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
