AI Data Insight
China's international goods trade surplus for Q2 2026 (April) reached RMB 587.669 billion, a steady expansion from the previous RMB 508.979 billion, with its US dollar-denominated performance also exceeding market consensus. Benefiting from semiconductor shipments driven by the global AI boom and a wave of safe-haven restocking triggered by geopolitical risks, the year-on-year growth rates of both imports and exports for the month delivered strong double-digit growth. Going forward, close attention must be paid to whether overseas end-market demand has sustaining momentum after the defensive pull-in of goods ends.