经济透视：中国5月出口增速明显加快

Import Data - In May, imports increased by 1.8% to $219.73 billion, down from April's 8.4% growth and below the market expectation of 4.3%[2] - Year-on-year import growth slowed due to weak domestic demand and a high base from the previous year[2] - Major commodity imports in May showed significant declines compared to April, with crude oil down 8.7% and soybeans down 15.0%[2] Export Data - In May, exports rose by 7.6% to $302.35 billion, a significant increase from April's 1.5% growth and above the market expectation of 5.7%[6] - Month-on-month, exports increased by 3.5% from April[11] - The acceleration in export growth was attributed to a recovering global economy and a lower base from the previous year[11] Trade Balance - The trade surplus in May was $82.6 billion, up from $72.4 billion in April and exceeding the market expectation of $72.2 billion[14] - The increase in trade surplus was primarily due to a notable rise in exports while imports slowed significantly[14] Future Outlook - Future months are expected to see a gradual recovery in external demand as developed economies enter a restocking and interest rate cut cycle[8] - However, rising trade protectionism from the US and EU may pose challenges to China's exports in the coming months[8] Sector Performance - Exports to major regions showed recovery in May, with ASEAN exports growing by 22.5%[18] - High-value-added electromechanical products saw accelerated growth, with exports increasing by 7.5% in May compared to 1.5% in April[18]