Textile Exports, Including Masks, Increased By 25.5% In The First 5 Months.

In June 7th, the General Administration of Customs issued a notice, according to customs statistics, in May, China's foreign trade import and export volume was 2 trillion and 470 billion yuan, down 4.9% compared to the same period last year, of which, exports were 1 trillion and 460 billion yuan, an increase of 1.4%; imports of 1 trillion and 10 billion yuan, a decrease of 12.7%; trade surplus 442 billion 750 million yuan, an increase of 60.6%.

In the first 5 months of this year, the total value of imports and exports of China's goods trade was 11 trillion and 540 billion yuan, down 4.9% from the same period last year, and the decline was flat compared with the previous 4 months. Among them, exports were 6 trillion and 200 billion yuan, down 4.7%; imports 5 trillion and 340 billion yuan, down 5.2%; trade surplus 859 billion 810 million yuan, 1.2% reduction.

It is noteworthy that in the first 5 months, China's exports of textiles including masks were 406 billion 660 million yuan, an increase of 25.5%.

China's growth in imports and exports to ASEAN has declined to the import and export of the European Union, the United States and Japan.

In the first 5 months, ASEAN is the largest trading partner of China. The total trade volume between China and ASEAN is 1 trillion and 700 billion yuan, an increase of 4.2%, accounting for 14.7% of China's total foreign trade. Among them, exports to ASEAN amounted to 936 billion 620 million yuan, an increase of 2.8%; from ASEAN to 759 billion 860 million yuan, an increase of 6%; ASEAN's trade surplus was 176 billion 760 million yuan, a decrease of 9%.

The EU is the second largest trading partner of our country, and its total trade value with the EU is 1 trillion and 610 billion yuan, a decrease of 4.4%, accounting for 13.9% of China's total foreign trade. Among them, China exported 968 billion 820 million yuan to the European Union, a decrease of 1%; from the EU's imports of 637 billion 320 million yuan, it dropped by 9%; the trade surplus with the EU increased by 331 billion 500 million yuan, an increase of 19.1%.

The United States is the third largest trading partner of China, and the total trade volume between China and the United States is 1 trillion and 290 billion yuan, down 9.8%, accounting for 11.1% of China's total foreign trade. Among them, exports to the United States amounted to 964 billion 390 million yuan, down by 11.4%; imports from the United States dropped by 321 billion 840 million, and the trade surplus with the United States decreased by 642 billion 550 million yuan and 14.5%.

Japan is the fourth largest trading partner of China. The total trade value of China and Japan is 846 billion 360 million yuan, down 0.3%, accounting for 7.3% of China's total foreign trade. Among them, exports to Japan amounted to 396 billion 100 million yuan, an increase of 1.6%; from Japan to 450 billion 260 million yuan, a decrease of 1.8%; and Japan's trade deficit of 54 billion 140 million yuan, a decrease of 21.1%.

In addition, the growth and proportion of private enterprises' imports and exports have increased.

According to statistics, in the first 5 months, private enterprises imported and exported 5 trillion and 110 billion yuan, an increase of 1.8%, accounting for 44.3% of China's total foreign trade, an increase of 2.9 percentage points over the same period last year. Over the same period, foreign investment enterprises imported and exported 4 trillion and 540 billion yuan, down 7.3%, accounting for 39.4% of China's total foreign trade.

From different commodity categories, exports of mechanical and electrical products and clothing have declined, and textile exports have increased.

In the first 5 months, China's mechanical and electrical products exported 3 trillion and 640 billion yuan, down 4%, accounting for 58.7% of the total export value. Among them, automatic data processing equipment and parts exported 508 billion 610 million yuan, an increase of 1.8%; mobile phones 275 billion 650 million yuan, down 5.6%. Over the same period, the export of textiles including masks was 406 billion 660 million yuan, an increase of 25.5%.

Imports of iron ore, crude oil, natural gas, soybeans and other commodities increased and the average import price of bulk commodities fell below.