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China’s Intermediate Exports Surge 25%, Capital Goods Up 12%

8/8/2026

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Summary

Story summary

China’s intermediate goods exports rose 25% and capital goods 12% in the first five months of 2026 versus 2025, per McKinsey Global Institute customs data.
Dongguan now serves as a hub for higher-value intermediate and capital products such as chips, precision machinery and robotic arms.
Consumer-goods exports grew only 4% in the same period, underscoring the shift to higher-value items and improving resilience to tariffs on finished products.

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Story summary

China’s intermediate goods exports rose 25% and capital goods 12% in the first five months of 2026 versus 2025, per McKinsey Global Institute customs data.
Dongguan now serves as a hub for higher-value intermediate and capital products such as chips, precision machinery and robotic arms.
Consumer-goods exports grew only 4% in the same period, underscoring the shift to higher-value items and improving resilience to tariffs on finished products.