China’s shipments of hi-tech goods to EU surge as its exports to US plunge

Post’s analysis of Beijing’s trade data for May shows huge amounts of batteries, laptops, smartphones and solar panels going to the bloc

China’s exports to Estonia soared 79.4 per cent in May compared to last year, and for Cyprus the number was 70.5 per cent, with 46.7 per cent in Bulgaria and 42 per cent in Hungary.

The boom continued in bigger EU markets as France’s imports shot up 24.2 per cent, Germany’s 21.72 per cent and Sweden’s 20.4 per cent.

With many EU markets enduring falling exports to China, the cumulative impact was a 22 per cent increase in the union’s trade deficit with the world’s second-largest economy in May.