China's May Exports up 48.5%

BEIJING, Jun. 10 -- China's exports surged by 48.5 percent year on year in May, while the imports climbed 48.3 percent, the General Administration of Customs (GAC) announced Thursday.

The growth rate for exports was 18.1 percentage points up from the figure for April, and the import growth rate dipped slightly from 49.7 percent reported in April.

Exports totalled 131.76 billion U.S. dollars in May, said a statement on the GAS website, adding imports topped 112.23 billion U.S. dollars.

Total foreign trade value rose 48.4 percent from a year earlier to 243.99 billion U.S. dollars in May. The figure was even 10.2 percent higher than May 2008 before the global financial crisis began, the statement said.

Exports were up 9.2 percent from May in 2008 and imports grew 11.4 percent.

From January to May, the total value of foreign trade rose 44 percent year on year to 1.1 trillion U.S. dollars.

Exports were up 33.2 percent to 567.74 billion U.S. dollars and imports rose 57.5 percent to 532.35 billion U.S. dollars, said the statement.

The trade surplus fell 59.9 percent to 35.39 billion U.S. dollars in the first five months.