China’s exports rise 19.4% , imports up 28.4% in May

10 June 2011 06:08  [Source: ICIS news]

SHANGHAI (ICIS)--China’s exports in May rose at a slower pace of 19.4% year on year to $157.2bn (€108.5bn), while its imports grew by 28.4% to $144.1bn, China Customs said on Friday.

The country’s total trade in May amounted to $301.3bn, up by 23.5% from May 2010, official data from China Customs showed.

From January to May this year, China’s shipments increased by 25.5% year on year to $712.4bn, while its imports surged by 29.4% to $689.4bn, according to the data.

Trade surplus during the same period fell by 35.1% year on year to $22.97bn, the data said.

China imported 106.5m tonnes of crude oil from January to May this year, which is 11.3% higher year on year, according to China Customs.

However, imports of acrylonitrile-butadiene-styrene (ABS) resins and polyester chips during the same period fell by 7.2% and 30.8% year on year to 805,733 tonnes and 70,864 tonnes respectively, China Customs said.

($1 = €0.69)

By: Judith Wang
+65 6780 4359

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