Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Trade

China's exports up, imports down in May

June 08, 2020


Abstract : China's exports rose by 1.4 percent year on year in yuan terms to 1.46 trillion yuan (about 205.74 billion U.S. dollars) in May, official data showed on Sunday.

BEIJING, June 7 (Xinhua) -- China's exports rose by 1.4 percent year on year in yuan terms to 1.46 trillion yuan (about 205.74 billion U.S. dollars) in May, official data showed on Sunday.

Imports fell by 12.7 percent to 1.01 trillion yuan last month, resulting in a trade surplus of 442.75 billion yuan, the General Administration of Customs (GAC) said.

Foreign trade of goods decreased by 4.9 percent year on year in May to 2.47 trillion yuan.

In the first five months, foreign trade of goods dropped by 4.9 percent year on year to 11.54 trillion yuan, maintaining the same level of decrease during the January-April period.

During the January-May period, ASEAN remained as China's largest trading partner with trade up by 4.2 percent year on year to 1.7 trillion yuan, accounting for 14.7 percent of China's total foreign trade.

Trade with the European Union, the United States and Japan decreased during the period, GAC data showed.

During the same period, the foreign trade volume of private enterprises expanded by 1.8 percent to 5.11 trillion yuan, accounting for 44.3 percent of China's total foreign trade volumes, up by 2.9 percentage points from the same period last year.

General trade, which represents a longer production chain and higher added-value as the key indicator of a country's foreign trade competence, decreased by 4.7 percent year on year in the first five months. However, it accounted for 59.9 percent of the country's total trade, 0.1 percentage points higher over one year ago.

Noting that the COVID-19 pandemic has brought shockwaves to global trade, experts say it is crucial for China to strengthen the implementation of measures to stabilize foreign trade. Enditem

Scan the QR code and push it to your mobile phone

Keyword: import-export foreign trade

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial