General

Recently, the General Administration of Customs released data showing that according to customs statistics, China's total import and export value in the first five months of this year was 16.77 trillion yuan, a year-on-year increase of 4.7%. Among them, exports reached 9.62 trillion yuan, an increase of 8.1%; Import reached 7.15 trillion yuan, an increase of 0.5%; The trade surplus reached 2.47 trillion yuan, an increase of 38%.

From the perspective of trade methods, in the first five months, China's general trade import and export reached 11 trillion yuan, an increase of 7%, accounting for 65.6% of China's total foreign trade value, an increase of 1.4 percentage points compared to the same period last year. According to customs data, the import and export through bonded logistics amounted to 2.14 trillion yuan, an increase of 12.4%.

From the perspective of trading partners, China's imports and exports to ASEAN and the European Union have both achieved growth. According to customs data, in the first five months, ASEAN was China's largest trading partner, with a total trade value of 2.59 trillion yuan, an increase of 9.9%, accounting for 15.4% of China's total foreign trade value. The European Union is China's second largest trading partner, with a total trade value of 2.28 trillion yuan, an increase of 3.6%, accounting for 13.6%.

From the perspective of export products, in the first five months, China's export of mechanical and electrical products reached 5.57 trillion yuan, an increase of 9.5%, accounting for 57.9% of the total export value. According to customs data, the export of Alternative fuel vehicle was 266.78 billion yuan, up 124.1%, driven by the export of new energy vehicles.

According to customs data, from the perspective of foreign trade entities, in the first five months, private enterprises imported and exported 8.86 trillion yuan, an increase of 13.1%, accounting for 52.8% of China's total foreign trade value, an increase of 3.9 percentage points compared to the same period last year.