5月出口增6.3%！前5个月进出口延续增长！

Core Viewpoint - China's goods trade maintained resilience amid external pressures, with a total import and export value of 17.94 trillion yuan in the first five months of the year, reflecting a year-on-year growth of 2.5% [1] Trade Performance - Exports reached 10.67 trillion yuan, growing by 7.2%, while imports totaled 7.27 trillion yuan, declining by 3.8% [1] - In May, the trade continued to grow, with imports and exports increasing by 2.7% and 6.3% year-on-year, respectively, despite having two fewer working days compared to the previous year [1] Trade Partners - ASEAN remains China's largest trading partner, with a trade value of 3.02 trillion yuan, up 9.1%, accounting for 16.8% of total foreign trade [3] - Trade with the EU reached 2.3 trillion yuan, growing by 2.9%, with a notable 9.39% increase in May alone [3] - The U.S. trade saw a total value of 285.51 billion USD in May, with a month-on-month decline of 12.67%, although the decline was less severe than in April [4] Impact of U.S.-China Trade Talks - The recent U.S.-China trade negotiations led to a commitment from the U.S. to cancel 91% of tariffs on Chinese goods, which is expected to positively impact trade dynamics [4] - Experts suggest that the phased adjustment of tariffs could stimulate demand and encourage replenishment in the market [4] Trade with Other Regions - Trade with Africa showed significant growth, with a total value of 963.21 billion yuan, marking a 12.4% increase, and exports growing by 20.2% [6] - Trade with countries involved in the Belt and Road Initiative reached 9.24 trillion yuan, growing by 4.2% [7] Export Products - In the first five months, exports of mechanical and electrical products totaled 6.4 trillion yuan, increasing by 9.3%, accounting for 60% of total exports [9] - Automotive exports accelerated, with 2.853 million vehicles exported, reflecting a 16.8% year-on-year growth [9] Future Outlook - June is expected to see continued growth in exports, driven by the "rush to export" effect related to U.S. trade policies and active market expansion by foreign trade enterprises [10] - The macroeconomic policies are anticipated to remain supportive, with potential financial measures aimed at stabilizing foreign trade [10]