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SOAPBOX

SOAPBOX provides insights on EU-China trade. The weekly newsletter, compiled by Rafael Jimenez Buendía and Ilaria Perla, is published in collaboration with the Mercator Institute for China Studies (MERICS).

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Substack
PricingOnly free issuesPublishesWeekly
Issues173Founded4 years agoLast Issue10 days ago
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Latest Issues

China’s surplus eases, but still runs at trillion-dollar scale

China’s goods surplus is down 5.3% year on year in Jan-Apr, partly because exports to the U.S. fell by 10%. Annualised, the Jan-Apr surplus still points to around US$1.1tn in 2026.

China’s import growth does not look consumer-led

Chi...

10 days ago

China’s export surge puts EU trade defence in the spotlight

China’s exports to the EU hit a record

The first four months of 2026 show how unbalanced the relationship has become. China’s exports to the EU reached US$201bn, while its imports from the EU were only US$88bn. The result was a US$113...

17 days ago
3

Taiwan’s export map tilts toward the U.S.

Taiwan’s export map has shifted sharply. On a Chinese-mainland-only basis, excluding Hong Kong, exports to the U.S. overtook exports to the mainland in 2024. The shift appears mainly driven by high-end electronics, chips, AI servers and rel...

24 days ago
5

China posts its largest ever first-quarter surplus with the EU

China reported its largest ever trade surplus with the EU in the first quarter of this year. What stands out is not just the size of the surplus, but how it was generated. The widening gap was driven mainly by a surge in Chinese exports to...

a month ago
10

EU exports to China plunged in February as the EU deficit topped €1bn a day

In February 2026, EU exports to China dropped 16.2% year on year, while imports rose 2.2%. As a result, the EU trade deficit with China widened by 14.1%, climbing to more than €1 billion a day.

In our view, Eurostat is likely to report a...

a month ago
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  • SOAPBOX

    Weekly dose of China trade insights – with a focus on EU-China trade. Produced in collaboration with Mercator Institute for China Studies (MERICS).

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