Taiwan Liberia Singapore Australia Argentina Places buying more from China Increase in China’s exports, Q3 2025 vs. Q3 2024 Hong Kong $12 billion Japan U.K. European Union $15 billion U.A.E. Places buying more from China Increase in China’s exports, Q3 2025 vs. Q3 2024 Hong Kong European Union $12 billion $15 billion U.A.E. China’s exports of phones 47% and computers 54% to the United States were among the categories that declined the most. Chinese companies, for example, make most of the world’s toys, and the United States has long been its largest customer. The shifts in China’s exports are part of what is expected to be a continuing and unpredictable transformation.