By Li Panpan
(JW Insights) Jun 9 -- China's IC exports dropped by 25% year-on-year in May, the 11th consecutive month of negative growth, showed recent data released by the General Administration of Customs of China (GACC).
May also marks the 13th consecutive month of decline in China’s IC imports, showed the GACC data.
The sluggish demand for electronic information products in May led to the continual decline in China’s export of mobile phones and computers. The export value and volume of mobile phones in May decreased by 15.6% and 25% year-on-year, respectively; the export value of computers decreased by 10.8% year-on-year, marking the 10th consecutive month of decline.
China’s import and export of mechanical and electrical products reached $72.08 billion and $164.2 billion in May, a year-on-year decrease of 13.3% and 1.3%. The import value marked the 15th consecutive month of decline.
The import value of key mechanical and electrical industries in May, such as computers, automobiles, spare parts, and LCD flat panel display modules, generally declined, according to the GACC data.
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