Total Import and Export Trade increased by 19.8%

(China Glass Network)

According to the Customs, the total export and import volume from January to May in 2017 reached 10.76 trillion yuan, at a growth of 19.8% against the same period last year. Among it, import captured 4.88 trillion yuan, increasing by 26.5% while the trade surplus is 993.97 billion yuan. Both import and export have developed rapidly with the structure optimization.

Director of foreign trades of The Business department of China indicated that, china foreign trades showed the following features:

Viewing from the business entity, private enterprises export captured 2.75 trillion yuan at a growth rate of 18.1%, a proportion of 46.7%, and a raise of 1.3 percentage. China is still the dominator.

As far as trade module concerned, normal trade export and import added up to 6.11 trillion yuan with a growth rate of 21% by taking up 56.8% among the total foreign trade volume at a raise of 0.6 percentage. Cross-border e-commerce and market purchasing is still be the emerging growth engine.

Moreover, from the perspective of international market, export and import trade with such partners as European Union, US and ASEAN has increased by 18.9%. Growth from export to traditional markets like America, Japan ranked 18.3%, 14.6% and 12.8% respectively while that to Russia, India, Singapore and Indonesia was 29.6%, 24.7% and 16.9% respectively.