China's Exports Surge 27% in June as Global AI Hardware Boom Lifts Trade to Five-Year Highs

China's overseas shipments jumped 27% in June 2026 to $412.4 billion—the fastest growth since October 2021—as surging global demand for semiconductors and data center hardware far exceeded economist forecasts. Imports expanded even more dramatically, climbing 36% to $286.8 billion in the quickest pace since June 2021, leaving China with a record trade surplus of $125.6 billion—the second-largest on record.