China's imports from Netherlands skyrocket 32% in April, and we all know what they're buying

China has imported over a billion dollars of goods from the Netherlands in April 2024 alone, a gigantic 32% increase... but what are they buying?

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China has imported more than $1 billion in goods from the Netherlands in April 2024 alone, a rather hefty 32% increase even in the world of US export restrictions and the selling of semiconductor machines to China.

China's imports from Netherlands skyrocket 32% in April, and we all know what they're buying 507

China's imports from the Netherlands increased 32% last month from a year ago, to $1.4 billion, according to data released this week. The data doesn't show the breakdown of trade, which will come later this month, but we all know it's coming from Dutch company ASML, which makes semiconductor machines.

In the months leading up to April 2024, over 50% of the value of all Chinese imports from the Netherlands were just ASML's lithography machines, according to Bloomberg's analysis of the official data. The US has been restricting China's access to the latest chip-making tools, pressuring countries like the Netherlands to stop exporting equipment to China, and even stop repairing the equipment that China has already purchased.

ASML had half its sales in Q1 2024 come from China, even after the new restrictions came into effect in January 2024, it hasn't slowed China down whatsoever. The imposition of controls on the sale of equipment to make semiconductors isn't working, ASML is benefitting, China wins, and the US has no power in the situation, it seems.

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NEWS SOURCE:bnnbloomberg.ca

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.

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