By Ben Li, Jinhan Fair 15/06/2009
China’s import and exports continued to decline in May. According to the statistics from General Administration of Customs of the People’s Republic of China, after having adjusted the seasonally imports & exports data, the rate of import & export, import and export have seperately increased by 2.1%, 0.2% and 4.4% in May, compared with the data in April.
The total Import and Export amount in May, which has decreased by 26.4% and 25.2% in comparison with April, is USD 164.13 billion.. The trade surplus in May is USD 13.39 billion, which is higher than USD 13.14 billion in April.
In the first five months, the foreign trade import & export amount is USD 763.49 billion. The export and import amount have decreased by 21.8% and 28%. But the total trade surplus accumulates into USD 88.79 billion, increased by 15.7% compared with the same period in 2009. The net profit in May is USD 12.05 billion.
The analysts pointed out that it is still difficult for the current export situation to further simulate China’s economics growth from the foreign trade data in May. But with this tendency, this situation is possible for improving. And they also expect that the export condition will return to be on the good track in coming June. The export situation remains 20% negative growth in the second quartre. However, the negative growth will shrink apparently in the third quartre and it will continue to become narrower within 5% of the negative growth in the fourth quartre, 2009.