China's exports and imports in January-May 2024 to reach 17.5 trillion formers, up 6.3% from the same period last year - Chinese report

According to statistics released by the General Administration of Customs of China on the 7th, the total value of goods trade imports and exports in the first five months of 2024 reached 17.5 trillion former (approximately 378.44 trillion yen), up 6.3% from the same period last year.
China's foreign trade remains strong. According to statistical data, exports from January to May this year increased 6.1% year-on-year to 9.95 trillion yen (approximately 215.17 trillion yen). By product category,
Exports have shown strong growth, with ships increasing by 100.1%, electric vehicles (EVs) increasing by 26.3%, and home appliances increasing by 17.8%.
On the other hand, imports for the same period increased by 6.4% year-on-year to 7.55 trillion yen (approximately 163.27 trillion yen).
Imports of intermediate goods increased by 7.4% year-on-year to 6.7 trillion former (approximately 131.26 trillion yen). In addition, imports of agricultural products from Vietnam increased by 12.7%, and imports from Germany increased by 20.5%.
% increase, France 8.6% increase, and Chile 13.7% increase. The total amount of exports and imports in May this year alone was 3.71 trillion former (approximately 80.23 trillion yen), up 8.6% from the same month last year.
Export value increased 11.2% year-on-year to 2.15 trillion former (approximately 46.5 trillion yen), while import value increased 5.2% year-on-year to 1.56 trillion former (approximately 33.74 trillion yen).
"Since the beginning of this year, China's economy has been on the mend. In terms of foreign trade,
It is also continuing to perform well," he said.