Trade Talks Progress Promotes Cosmetic Export Recovery
On May 10-11 local time, high-level economic and trade talks between China and the United States were held in Geneva, Switzerland. The talks have made substantial progress, significantly reducing the level of bilateral tariffs (the United States has cancelled a total of 91% of the additional tariffs, and China has correspondingly cancelled 91% of the countermeasures; the United States has suspended the implementation of 24% of the "reciprocal tariffs", and China has also suspended the implementation of 24% of the countermeasures). This measure aligns with the expectations of producers and consumers in both countries, serving their mutual interests as well as global economic benefits.
The data shows that the cosmetics export industry is showing a recovery trend. According to the import and export data released by the General Administration of Customs for the first quarter, the volume and value of cosmetics exports showed a double increase in January and March; The cumulative volume and value of Q1 have both shown double-digit growth. In addition, according to a State Council Information Office press conference, on April 14th, Lü Daliang, spokesperson for the General Administration of Customs and director of the Statistics and Analysis Department, revealed at the conference that "in the first quarter of this year, China's exports of cosmetics to Southeast Asia grew at double-digit rates."
Based on reports from the past five years, China's cosmetics export industry has achieved a double increase in both volume and value for three consecutive years. In 2024, the export volume of beauty cosmetics and toiletries in China reached 1,320,774 tons, a year-on-year increase of 19.8%. The latest data shows that the export volume of beauty, cosmetics, and toiletries from China in January and February 2025 was 215,230 tons, a year-on-year increase of 16.1%. In terms of amount, data shows that the export value of Chinese beauty cosmetics and toiletries in January and February 2025 was 111.68 million US dollars, a year-on-year increase of 8.2%.
