China’s May exports surge 19.4% year‑on‑year, driven by auto and tech demand

China reported a sharp increase in export volumes for May 2024. The data show a 19.4% rise compared with the same month last year. Growth was led by stronger overseas demand for automobiles. Technology products also contributed significantly to the rebound. The surge reflects a recovery in global markets for Chinese-made goods. Analysts note that the auto sector benefited from renewed consumer confidence abroad. Tech exports were buoyed by continued interest in electronics and components. The trend may support China’s trade balance as the year progresses.