China's foreign trade declined for 7 months

Yesterday from the General Administration of Customs was informed that statistics show the month in May, China's import and export value of 164.13 billion U.S. dollars, up 25.9 percent decline, which is since last November, China's total imports and exports declined for 7 months. Total imports and exports in May fell 3.9 percent more than the Central, which ended after two consecutive months of China's total import and export volume growth chain.

According to customs statistics, the month in May exports 88.76 billion U.S. dollars, up 26.4 percent decline, the Central than the 3.4 percent decline; imported 75.37 billion U.S. dollars, up 25.2 percent decline, the Central than the 4.4 percent decline. Month in May, China's imports and exports fell 25.9% year-on-year decline this year a total of 4 months before the year-on-year drop of 1.5 percentage points better, which exports fell 5.9 percentage points better, while imports fell 3.6 percentage point narrowing.

11 General Administration of Customs released 5 months prior to the import and export situation of China's foreign trade. According to customs statistics, January to May this year, China's foreign trade import and export a total of 763.49 billion U.S. dollars the total value, up 24.7 percent decline. 426.14 billion U.S. dollars, including exports, dropped 21.8 percent year-on-year; imports 337.35 billion U.S. dollars, up 28 percent decline. The accumulated trade surplus of 88.79 billion U.S. dollars, an 15.7 percent increase over the same period last year, a net increase of 12.05 billion U.S. dollars, which in May surplus of 13.389 billion U.S. dollars that month.

Import and export in general trade import and export good in the overall performance. Customs statistics show that 5 months of this year, China's general trade import and export 374.11 billion U.S. dollars, up 23.4 percent decline, the overall decline in imports and exports over the same period is less than 1.3 percentage point decline. Over the same period, China's processing trade import and export 308.32 billion U.S. dollars, up 26.8 percent decline.

With major trading partners in bilateral trade this year, 5 months ago, the European Union to continue to China's largest trading partner, China-EU bilateral trade value of 129.26 billion U.S. dollars, up 22.1 percent decline. Over the same period, the United States as China's second largest trading partner, Sino-US bilateral trade value of 108.25 billion U.S. dollars for yuan, down 17.1 percent. Japan remains the third largest trading partner. In addition, 5 months ago, I and ASEAN to total imports and exports 70.84 billion U.S. dollars, up 25.9 percent decline; the Mainland and Hong Kong import and export value of 59.59 billion U.S. dollars for a decrease of 25.5%; and Indian import and export value of 16.44 billion U.S. dollars, 31.9 percent decline.