00:00It's Benzinga, bringing Wall Street to Main Street.
00:02China's exports surged 19% in May from a year earlier,
00:06topping forecasts as global demand for AI hardware drove a boom in semiconductor and computer shipments,
00:12according to Bloomberg.
00:13Semiconductor exports soared 111% to $36 billion,
00:17the fastest expansion since 2013,
00:20while computer and parts shipments jumped 66%.
00:24Chips and computers accounted for roughly half the growth in both exports and imports.
00:28Imports climbed over 27%, leaving a trade surplus of $105.4 billion.
00:35Exports to the U.S. rose nearly 36%, the most since 2021.
00:40Car exports posted nearly 40% growth as automakers shifted focus overseas amid a 22% decline in domestic sales.
00:48Traditional goods struggled, with clothing and toy exports declining 4% and 7% respectively.
00:53For all things money, visit Benzinga.com.
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