China's Q1 IC imports up 11.2% year-on-year to $40 billion

China's first-quarter integrated circuit (IC) imports rose 11.2% year-on-year to RMB 262.5 billion ($40.1 billion), according to data released by China's General Administration of Customs on April 13.

China imported 155.27 billion units of integrated circuits in the first quarter, an increase of 33.6%. IC exports in the first quarter amounted to RMB 72.68 billion, an increase of 2.4%.

The total value of China's trade imports and exports in the first quarter was RMB 8.47 trillion, up 29.2% year-on-year, with a trade surplus of RMB 759.3 billion, an expansion of 690.6%.

Among them, the total value of exports was RMB 4.61 trillion, up 38.7%; the total value of imports was RMB 3.86 trillion, up 19.3%.

China exported RMB 2.78 trillion of electromechanical products in the first quarter, accounting for 60.3% of the total export value, up 1.7 percentage points year-on-year.

Among them, exports of automatic data processing equipment, mobile phones, and automobiles increased by 54.5%, 38.5%, and 98.9% respectively.

China's combined import and export to the remaining 14 RCEP member countries in the first quarter was RMB 2.67 trillion, up 22.9% year-on-year, accounting for 31.5% of China's total foreign trade import and export value.

Among them, exports amounted to RMB 1.25 trillion, up 27.5%; imports amounted to RMB 1.42 trillion, up 19%.

Among them, exports of mechanical and electrical products amounted to RMB 659.85 billion, an increase of 28.7%, accounting for 53% of the total export value to RCEP member countries.