China's June Exports Hit Record $412.39B — Chip Value Jumps 122% as Unit Shipments Fall
TL;DR
China's June exports hit a record $412.39B; chip export value rose 122% while unit shipments fell 0.4%.
China's June exports reached a monthly record of $412.39 billion. General Administration of Customs data showed exports rose 27% year on year, while imports climbed 36% to $286.76 billion. The trade surplus widened to $125.62 billion, the second-highest monthly total on record.
AI investment lifted demand for semiconductors and data-center hardware. Integrated-circuit export value reached about $38.21 billion, up 122%, but physical shipments fell 0.4% to roughly 31.7 billion units. Higher prices drove the value increase. Chips and computers together supplied about one-third of export growth, down from roughly half previously.
Growth extended across other manufactured products. Customs counted 1.069 million vehicle exports, the first month above one million, with export value up about 70%. Ship exports rose 42% and household appliances 15%. China's trade surplus with the European Union reached a record $32.9 billion, while its surplus with Germany doubled from a year earlier.
Imports presented a separate figure. As conflict in the Middle East increased energy-market risks, China's June crude-oil imports dropped 41.3% to 29.27 million tonnes, the lowest since October 2016. Customs Vice Minister Wang Jun said technology exports should remain resilient in the second half.
via Tom's Hardware / General Administration of Customs / Reuters
AI investment lifted demand for semiconductors and data-center hardware. Integrated-circuit export value reached about $38.21 billion, up 122%, but physical shipments fell 0.4% to roughly 31.7 billion units. Higher prices drove the value increase. Chips and computers together supplied about one-third of export growth, down from roughly half previously.
Growth extended across other manufactured products. Customs counted 1.069 million vehicle exports, the first month above one million, with export value up about 70%. Ship exports rose 42% and household appliances 15%. China's trade surplus with the European Union reached a record $32.9 billion, while its surplus with Germany doubled from a year earlier.
Imports presented a separate figure. As conflict in the Middle East increased energy-market risks, China's June crude-oil imports dropped 41.3% to 29.27 million tonnes, the lowest since October 2016. Customs Vice Minister Wang Jun said technology exports should remain resilient in the second half.
via Tom's Hardware / General Administration of Customs / Reuters
