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Economy

China’s foreign trade falls 4.9% yoy in May

Beijing / China’s foreign trade fell 4.9% year-on-year in May, according to data released by the General Administration of Customs, to 2.47 trillion yuan (about $ 348,804 million, € 308,897 million).

Official statistics show that exports increased by 1.4% year-on-year in this period, to 1.46 trillion yuan (about 206,174 million dollars, 182,587 million euros).

In contrast, imports fell 12.7% year-on-year in May to 1.01 trillion yuan ($ 142.627 billion, € 126.31 billion).

Thus, the trade surplus was 442.750 million yuan (62.523 million dollars, 55.370 million euros) in May.

During the month of April, Chinese foreign trade had decreased 0.7% year-on-year, to 2.5 trillion yuan (353,038 million dollars or 312,646 million euros).

That figure led to an increase in Chinese international commercial activity, since in the January-February two-month period, when the country was largely paralyzed by the crisis unleashed by the coronavirus, this indicator registered a contraction of 9.6% year-on-year. The interannual decrease in March was 0.8%.

China’s foreign trade fell by 6.4% year-on-year during the first quarter of 2020, and in the cumulative of the first five months of the year the drop slowed to 4.9% year-on-year. (June 8, 2020, EFE / PracticaEspañol)

(Automatic translation)

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