Data compiled by Barclays Research, drawing on figures from the General Administration of Customs of China, reveals that following several months of vigorous growth, China's semiconductor equipment imports exhibited signs of deceleration in November 2025. For that month, the total import value declined by 8% compared to the same period the previous year and saw a substantial 24% decrease on a month-on-month basis. However, the import value for October 2025 alone still hit US$3.19 billion, marking a 28.80% year-on-year increase. This suggests that the overall scale of imports continues to stay at a comparatively high level.
