SMM News: on Monday, June 10, the General Administration of Customs announced China's import and export situation in May.
The specific data are as follows:
China's exports in May were 1.1% year-on-year (in dollar terms), expected to be-3.9%, and the previous value was-2.7%.
China's imports in May were-8.5 per cent year-on-year (in dollar terms), expected to be-3.5 per cent, compared with a previous value of 4 per cent.
China's trade surplus in May was $41.65 billion, with an expected surplus of $22.3 billion, compared with a previous surplus of $13.84 billion.
China's trade account surplus in May was 279.12 billion yuan, with an expected surplus of 136 billion yuan, compared with a previous surplus of 93.57 billion yuan.
China's imports in May were-2.5 per cent year-on-year (in renminbi terms) and are expected to be 5.8 per cent, compared with a previous value of 10.3 per cent.
China's exports in May were + 7.7 per cent year-on-year (in renminbi terms), expected to be 4.7 per cent, compared with a previous value of 3.1 per cent.
According to customs statistics, in the first five months of this year, China's imports and exports of goods totaled 12.1 trillion yuan, an increase of 4.1 percent over the same period last year. Of this total, exports totaled 6.5 trillion yuan, up 6.1 percent; imports totaled 5.6 trillion yuan, up 1.8 percent; and the trade surplus was 893.36 billion yuan, an increase of 45 percent.
In the first five months, the United States was China's third largest trading partner, with the total value of trade between China and the United States falling 9.6 percent to 1.42 trillion yuan, accounting for 11.7 percent of the total value of our foreign trade. Of this total, exports to the United States were 1.09 trillion yuan, down 3.2 percent; imports from the United States were 335.27 billion yuan, down 25.7 percent; and the trade surplus with the United States was 750.62 billion yuan, an increase of 11.9 percent.
In the process of updating.
"[investment must see] Trade friction news flying all over the metal how to win in chaos?
"Click to enter the registration page
Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business