China’s Mechanical and Electrical Exports Hit Record Highs as Trade War Looms
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Car exports continued their upward trend for the 51st consecutive month, with 6.4 million vehicles exported in 2024
China’s mechanical and electrical exports hit a record $2.1 trillion in 2024, driven by a rebound in overseas demand and exporters rushing to ship goods before the Trump administration imposes tariffs.
Total exports of mechanical and electrical products grew by 7.5% year-on-year, making up nearly 60% of China’s overall goods exports.
The combined value of imports and exports in this sector reached a record $3.11 trillion, according to data from the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME).
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- China's mechanical and electrical exports reached a record $2.1 trillion in 2024, fueled by increased overseas demand and expedited shipments before U.S. tariff implementation.
- The sector's trade surplus also hit a record $1.14 trillion, with significant export growth in integrated circuits, automobiles, and household appliances.
- To counteract U.S. tariffs, Chinese firms are investing in overseas factories, enhancing supply chain networks, and targeting emerging markets like Vietnam and India for expansion.
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What Happened When
- 2024：
- China's mechanical and electrical exports hit a record $2.1 trillion, and the sector's trade surplus reached a record $1.14 trillion.
- 2024：
- The combined value of imports and exports in this sector reached a record $3.11 trillion.
- 2024：
- Imports amounted to $985 billion, marking a rebound after declines in 2022 and 2023.
- 2024：
- Integrated circuits led export growth with $159.5 billion, marking 14 consecutive months of growth.
- 2024：
- Car exports continued their upward trend for the 51st month, with 6.4 million vehicles exported.
- February 1, 2025：
- Trump announced new tariffs, including an additional 10% tariff on all Chinese goods.
AI generated, for reference only
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