China's foreign trade is red-hot this year, with total goods trade hitting 17.5 trillion yuan ($2.46 trillion) from January to May 2024—a 6.3% year-on-year leap! Exports climbed 6.1% to 9.95 trillion yuan, while imports rose 6.4% to 7.55 trillion yuan, showcasing balanced growth in the world's second-largest economy.
May saw even bigger fireworks: trade soared 8.6% to 3.71 trillion yuan. Exports skyrocketed 11.2% to 2.15 trillion yuan, and imports grew 5.2% to 1.56 trillion yuan. This acceleration signals strong global demand for everything from electric vehicles (exports up 26.3%) to home appliances (17.8% growth)—with ship exports literally doubling (100.1% surge)!
Experts like JLL's Bruce Pang credit competitive pricing, strategic shipments ahead of new tariffs, and a favorable yuan exchange rate. With the U.S. dollar remaining strong, analysts predict sustained export momentum as businesses adapt to shifting global trade winds.
Exports climbed 6.1% to 9.95 trillion yuan, while imports rose 6.4% to 7.55 trillion yuan, showcasing balanced growth in the world's second-largest economy.
This acceleration signals strong global demand for everything from electric vehicles (exports up 26.3%) to home appliances (17.8% growth)—with ship exports literally doubling (100.1% surge)! 
China's Economy Kicks Off 2024 with Record Yuan…
