On October 14th, data released by the General Administration of Customs in China showed that China's exports (measured in US dollars) increased by 36.3% in September, imports increased by 31%, and the trade surplus reached $133.53 billion.
Among them, China’s integrated circuit exports amounted to $44.951 billion in September, a year-on-year increase of 136%; automobile exports reached $20.75 billion, a year-on-year increase of 62%; rare earth exports amounted to $68.094 million, a year-on-year increase of 14.3%; and mobile phone exports reached $16.982 billion, a year-on-year increase of 14.2%.
General Administration of Customs Deputy Director Wang Jun said that in terms of computing power, in the first three quarters, China's exports of integrated circuits increased by 99.1%, computer peripherals increased by 2.1 times, and storage components such as solid-state drives increased by 1.3 times, ensuring a stable supply of intermediate products in the global computing power industry chain. Exports of data processing equipment such as servers increased by 7.2%, contributing to the construction of global computing power infrastructure.
Wang Jun mentioned that in the first three quarters, the total imports and exports of products such as industrial robots, electronic components, computer parts, and electrical materials exceeded 10 trillion yuan, representing a growth of 58.9%. This contributed to an overall increase in imports and exports by 11.3 percentage points.
According to reports in The South China Morning Post, Chinese customs data shows that the export volume of integrated circuits in September was 32.7 billion units, a year-on-year increase of only 1%. Affected by the shortage of memory chips caused by the global surge in artificial intelligence infrastructure construction, chip prices have risen significantly, driving export values up by 136%.
Reports indicate that Chinese chip companies have been deeply integrated into the global technology supply chain.
Wang Jun pointed out that the booming development of artificial intelligence has accelerated global investment in computing power infrastructure. The demand for intermediate products required for manufacturing computing power devices is continuously expanding. At the same time, as large-scale computing power facilities are operational, the global demand for electrical equipment is also increasing. Relying on a complete industrial system and strong scientific and technological innovation capabilities, our country provides solid support for addressing the growing global demand for computing power and electricity.
