Export Performance - In May 2025, exports increased by 4.8% year-on-year, down from 8.1% in the previous month[1] - Traditional consumer goods exports showed stabilization at low levels, with footwear, toys, luggage, and clothing down by -7.9%, -4.5%, -12.1%, and -0.5% respectively[5] - Mechanical and electrical products exports were strong, with an overall year-on-year growth of 8.1% in May 2025[5] Import Trends - Imports decreased by 3.4% year-on-year, worsening from a decline of 0.2% in the previous month[1] - Agricultural product imports rose significantly by 4%, driven by increased soybean imports from South America, while crude oil and natural gas imports fell by -19.4% and -17.1% respectively[5] Regional Export Dynamics - Exports to the US saw a significant decline of -34.5%, while exports to the EU, ASEAN, and other regions showed positive growth rates of 12%, 14.8%, and 6.2% respectively[5] - The reliance on Chinese imports for essential goods in the US remains high, with 46.8% classified as "just-in-time" goods[5] Future Outlook - New export orders are expected to reflect in June, as there is typically a one-month lag in the impact of new orders on export figures[5] - The potential impact of the new US customs system on indirect trade with China remains a point of interest, as non-US export growth remains robust[5]