General

The latest import and export data released by the General Administration of Customs of China recently shows that China's total import and export value in May was 3.45 trillion yuan (RMB, the same below), a year-on-year increase of 0.5%, and a significant decrease in growth rate from April's 8.9%. Among them, exports decreased by 0.8% year-on-year, while imports increased by 2.3% year-on-year.

In US dollars, China's total import and export value decreased by 6.2% year-on-year in May.

Import and export data shows that in the first five months, China's total import and export value was 16.77 trillion yuan, a year-on-year increase of 4.7%. Among them, exports increased by 8.1% and imports increased by 0.5%; The trade surplus reached 2.47 trillion yuan, an increase of 38%.

From a regional perspective, China's imports and exports to ASEAN and the European Union increased in the first five months, while exports to the United States and Japan decreased. ASEAN continues to be China's largest trading partner, with the total trade value between China and ASEAN increasing by 9.9% year-on-year. Import and export data shows that China's exports to ASEAN increased by 16.4% year-on-year. The European Union is China's second largest trading partner, with a year-on-year growth of 3.6% in the total trade value between China and Europe. The United States is China's third largest trading partner, with a year-on-year decrease of 5.5% in the total trade value between China and the United States, with China's exports to the United States decreasing by 8.5%.

Over the same period, China's imports and exports to countries along the "the Belt and Road" totaled 5.78 trillion yuan, an increase of 13.2%.

From a product perspective, China's automobile exports in the first five months amounted to 266.78 billion yuan, a year-on-year increase of 124.1%. Import and export data shows that the export of automatic data processing equipment and its components decreased by 18.1% year-on-year, while the export of mobile phones decreased by 6.4%.

According to import and export data, in terms of imports, China imported 18.03 million tons of refined oil products in the first five months, an increase of 78.8% year-on-year; Imported coal reached 182 million tons, an increase of 89.6% year-on-year. (Translated from: China News Network)