China's exports in May rose up to 7.5%
According to the latest China import export data , Chinese exports grew by 7.5% during May 2024. That is very promising growth after the expected 6% growth. Cars and Integrated circuits were among the top gainers in terms of China's exports. Whereas, rare earth metals, cellphones and fertilizers exports declined significantly in May. China export data suggests around $302 billion worth of exports during May 2024. Compared to $292 billion worth of exports during April, there was a $10 billion rise in China's exports in May 2024. China’s car exports shipments went up by 16.8% during May. Whereas the integrated circuits exports rose up to 28%. In terms of hi-tech products exports, there was a rise of 8% and ships exports showed 58% growth during May. There was a formidable rise in the exports of furniture, plastic products, and aluminium from China. In May 2024, China's agricultural products exports were estimated to be $8.56 billion. Petroleum products exports we...