BEIJING, June 8 (Xinhuanet) -- China’s customs data shows the country’s total foreign trade went up 1.5 percent year on year to over 346 billion US dollars in May.
The General Administration of Customs said China’s exports have gone up 5.4 percent year on year to over 190 billion US dollars. While imports are down by 2.9 percent to over 155 billion US dollars. The trade surplus, which is about 35 billion US dollars, expanded by 70.3 percent. The data also revealed that the first five months saw a year-on-year decline of 2.2 percent in the foreign trade volume to over 1.6 trillion US dollars.
Exports decreased 2.7 percent and imports went down 1.6 percent during the period, while the trade surplus stood at over 69 billion US dollars, down 13.6 percent from a year ago. Meanwhile, the EU, US and ASEAN were the top three trade partners of China during the first five months. Total foreign trade to the EU increased 9.1 percent year on year, while that to the US was up 2.6 percent.
"At present, China’s domestic economy is performing stably. It provides a good competitive advantage and policy environment for the stable increase of foreign trade. Meanwhile, the global economy is continuing to recover and the external demand is expected to improve. It will drive the stable increase for China’s bilateral trade with its major trading partners," said Zheng Yuesheng, General Administration Customs.
(Source: CNTV.cn)
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