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Exports Keep Growing in First Five Months
China's exports value in the first five months of the year reached 92.3 billion U.S. dollars, up 36.8 percent, the General Administration of Customs announced in Beijing Friday.
Imports and exports reached 174.1 billion U.S. dollars, up 36.1 percent. Exports continued to grow, at a rate slightly lower than that in the first four months.
In May alone, China's exports earned 20.1 billion U.S. dollars, up 29.6 percent from the same month last year. The trade surplus for May was 3.1 billion U.S. dollars.
China's state-owned enterprises still hold a dominant share of exports with exports at 44.8 billion U.S. dollars, up 34.9 percent. Their export value accounted for 48.5 percent of all exports during the period.
The exports of foreign-invested companies in China also saw a fast growth rate. Their exports climbed to 42.9 billion U.S. dollars, up 34.7 percent and accounted for 46.5 percent of all exports.
But the highest export growth rate was made by collectively- owned and private firms. Although their exports were only 4.58 billion U.S. dollars, accounting for only five percent of all exports, the growth rate nearly doubled to 91.6 percent.
China's exports to its Asian neighbors grew 38.8 percent to 49. 05 billion U.S. dollars. Exports to north America increased to 20. 1 billion U.S. dollars, up 29.9 percent. Exports to Europe grew to 17.23 billion U.S. dollars, up 38.5 percent.
China's exports to Latin America grew 56.4 percent, to Africa, 25.3 percent, and to Oceania, 35.4 percent.
The exports of machinery and electronic products, in particular, continued to grow. The export value hit 37.8 billion U.S. dollars, up 40.5 percent.
Traditional labor-intensive products including garments, textile products, knitwear, footwear, plastic products, toys, travel-use items, suitcases and furniture all increased between 16 percent and 45.6 percent.
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