China’s exports to the United States jumped 35% in May, marking the strongest pace since early 2021, according to data released Tuesday by China’s customs agency. The surge comes despite the economic friction created by President Donald Trump’s implementation of sweeping tariffs in April 2025, known as the “Liberation Day” tariffs, which initially caused a sharp decline in Chinese shipments to the U.S.
The rebound in exports was fueled by robust global demand for technology and artificial intelligence-related products, including semiconductors, computing equipment, and electric vehicles. BYD, China’s largest EV manufacturer, reported an 80% year-on-year increase in overseas vehicle sales in May, selling more than 160,600 units abroad.
Tech Boom Drives Export Strength
Exports of semiconductors more than doubled in value compared to May 2023, while auto shipments rose nearly 40%. Lynn Song, chief economist for Greater China at ING, noted that “ships, chips, autos, and batteries continue to find strong demand amid the global tech boom.” Wei Li, Head of Multi-Asset Investments at BNP Paribas Securities (China), added that advanced semiconductors and EV shipments are likely to sustain China’s export momentum for the remainder of the year.
“Exports are a shock‑absorber for China, helping its economy weather a spike in global energy prices that have driven inflation worldwide,” Wei Li said.
While Trump’s recent meetings with Chinese President Xi Jinping in Beijing raised hopes for improved trade relations, analysts attribute the export surge primarily to a base effect, as shipments had plummeted following the introduction of tariffs. Despite the rebound, China’s leadership has set a modest annual economic growth target of 4.5% to 5% for 2026, reflecting the challenges of sustaining growth amidst global economic headwinds.
The data underscores the resilience of China’s export sector, which continues to adapt to geopolitical and economic pressures while capitalizing on global trends in technology and green energy.