In May, China'S Import And Export Value Fell 4.9% Year-On-Year.

China News Agency, Beijing, June, 7 (reporter Li Xiaoyu) the latest data released by China Customs General Administration on 7 showed that in May, China's foreign trade import and export amount was 2 trillion and 470 billion yuan (RMB), down 4.9% from the same period last year, a decrease of 4.2 percentage points over April. Among them, the export growth of 1.4%, compared with the growth rate of 8.2% last month, a significant decline; imports fell 12.7%; trade surplus 442 billion 750 million yuan, an increase of 60.6%.

In dollar terms, in May, China's foreign trade import and export amounted to 350 billion 700 million US dollars, a decrease of 9.3%; of which, exports were US $206 billion 810 million, down 3.3%; imports 143 billion 890 million US dollars, down 16.7%; trade surplus 62 billion 930 million US dollars, an increase of 52.9%.

In the first 5 months, the import and export value of China's goods trade decreased by 4.9% compared with the same period last year, and the decline was unchanged from the first 4 months. Among them, exports dropped by 4.7%, imports fell by 5.2%, trade surplus was 859 billion 810 million yuan, and 1.2%.

From a national perspective, ASEAN continues to maintain China's largest trading partner status. The volume of bilateral trade between China and ASEAN increased by 4.2% in the first 5 months, and the trade volume between China, Europe, the United States and China was less than that of the same period last year. The trade volume between China and the United States dropped by 9.8% compared with the same period last year.

According to the products, the export of textiles including masks has soared in the first 5 months, with an increase of 25.5% and exports of plastic products also increased by 2.1%. Exports of furniture, clothing, footwear, toys and so on are decreasing. (end)