NEW YORK - China earned a record $359 billion in exports in April, equivalent to about $500 million for the month. About half of the exports were artificial intelligence-related products. That's according to Bloomberg calculations based on data from Chinese customs authorities, investment bank Goldman Sachs and Japanese financial services company Nomura Holdings.
According to the data, the total volume of exports increased by 14 percent year-on-year. About half of the goods sold abroad were data processing equipment, including laptops, tablets and their components, as well as microchips. Meanwhile, exports of microchips doubled compared to last year. Bloomberg pointed out that the growth in export earnings was also supported by a global shortage of semiconductors.
According to the British bank Standard Chartered China became the world's largest supplier of AI-related goods last year.
Figures from the General Administration of Customs of the PRC show that China's trade with other countries rose 18.2 percent year-on-year to $2.32 trillion in the January-April period. Exports in the first four months of the year reached $1.33 trillion, while imports totaled $989 billion. In April alone, China's trade turnover with other countries increased 7.2 percent from March to $634.06 billion.
China is the world's largest producer and supplies a wide range of products to international markets. It is also a major trading partner for more than 150 countries and regions. According to customs statistics, China's foreign trade volume will grow by 3.8 percent in 2024 and 3.2 percent in 2025, reaching a record $6.35 trillion.
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