According to customs statistics, the value of China’s imports and exports in the first five months of this year was 16.04 trillion yuan, up 8.3 percent from the same period last year (the same below).

Specifically, exports reached 8.94 trillion yuan, up 11.4%; Imports totaled 7.1 trillion yuan, up 4.7%; The trade surplus increased by 47.6 percent to 1.84 trillion yuan.

In dollar terms, China’s imports and exports totaled US $2.51 trillion in the first five months, up 10.3 percent. Of this, exports reached US $1.4 trillion, up 13.5%; Us $1.11 trillion in imports, up 6.6%; The trade surplus was 29046 billion US dollars, up 50.8%.

Exports of mechanical and electrical products and labor-intensive products both increased.

In the first five months, China exported mechanical and electrical products to 5.11 trillion yuan, up 7 percent, accounting for 57.2 percent of the total export value.

Of this amount, 622.61 billion yuan was for automatic data processing equipment and its components, up 1.7 percent; Mobile phones 363.16 billion yuan, up 2.3%; Automobiles 119.05 billion yuan, up 57.6%. During the same period, labor-intensive products were exported to 1.58 trillion yuan, up 11.6 percent, or 17.6 percent. Of this, 400.72 billion yuan was for textiles, up by 10%; Clothing and clothing accessories 396.75 billion yuan, up 8.1%; Plastic products are 271.88 billion yuan, up 13.4%.

In addition, 25.915 million tons of steel was exported, a decrease of 16.2 percent; 18.445 million tons of refined oil, down 38.5 percent; 7.57 million tons of fertilizer, a decrease of 41.1%.