Close Menu
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Bitcoin rises to fresh record above $112,000, helped by Nvidia-led tech rally

July 10, 2025

WK Kellogg shares jump 40% on Ferrero deal report

July 10, 2025

In Confucius’ birthplace, global experts seek common ground for shared development-Xinhua

July 10, 2025
Facebook X (Twitter) Instagram
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us
Facebook X (Twitter) Instagram Pinterest Vimeo
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports
Nabka News
Home » China’s exports grow 7.6% in May, beating expectations
China

China’s exports grow 7.6% in May, beating expectations

i2wtcBy i2wtcJune 7, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


A container sits at the port of Yangshan in Shanghai, China, on August 6, 2019.

Ally Song | Reuters

BEIJING — China’s exports grew at a faster pace than expected in May, while imports fell short of expectations, customs data showed on Friday.

Exports in US dollar terms rose 7.6 percent in May from a year earlier, beating expectations of a 6 percent increase, according to a Reuters survey.

However, imports grew 1.8 percent over the same period, missing a Reuters forecast of a 4.2 percent increase.

China’s exports rose 1.5% year-on-year in April, while imports rose 8.4%. In the first five months of the year, exports rose 2.7% year-on-year in US dollar terms, while imports rose 2.9%.

China’s exports and imports to the US and EU fell during the period, according to CNBC calculations based on official data. But trade with the Association of Southeast Asian Nations (ASEAN) increased, with Chinese exports to the region up 4.1% from a year earlier in the January-May period. Chinese exports to Russia fell during the same period, but imports from Russia rose 7.5%.

China’s ship exports nearly doubled in the first five months of the year from a year earlier, while exports of automobiles and integrated circuits rose 20 percent each. Exports of rare earths, fertilizer and mobile phones fell.

As a gauge of domestic demand, China’s crude oil imports were little changed in the first five months of this year compared with the same period in 2023. China is the world’s largest importer of crude oil.

Chinese exports are holding up despite trade tensions with the United States, supporting overall economic growth.

According to the Caixin Manufacturing Purchasing Managers’ Index, new export orders increased for the fifth consecutive month in May, but the rate of growth slowed.

But the International Monetary Fund said last week that global trade restrictions are on the rise, rising to about 3,000 last year from 1,000 in 2019, before the pandemic.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
i2wtc
  • Website

Related Posts

China

In Confucius’ birthplace, global experts seek common ground for shared development-Xinhua

July 10, 2025
China

Shenzhou-19 astronauts meet press after return from space-Xinhua

July 9, 2025
China

The power games of billionaires — uncovering the political dilemma behind “America Party”-Xinhua

July 9, 2025
China

Fingerprint of innovation — a quest of China’s e-skin startup to success-Xinhua

July 9, 2025
China

China’s first bachelor’s program in AI education to address teacher shortage-Xinhua

July 9, 2025
China

Where do things stand now as Trump prolongs tariff pause?-Xinhua

July 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bitcoin rises to fresh record above $112,000, helped by Nvidia-led tech rally

July 10, 2025

House Republicans unveil aid bill for Israel, Ukraine ahead of weekend House vote

April 17, 2024

Prime Minister Johnson presses forward with Ukraine aid bill despite pressure from hardliners

April 17, 2024

Justin Verlander makes season debut against Nationals

April 17, 2024
Don't Miss

Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute | Donald Trump News

By i2wtcJune 4, 20250

Growing strains in US-China relations over implementation of agreement to roll back tariffs and trade…

Donald Trump’s 50% steel and aluminium tariffs take effect | Business and Economy News

June 4, 2025

The Take: Why is Trump cracking down on Chinese students? | Education News

June 4, 2025

Chinese couple charged with smuggling toxic fungus into US | Science and Technology News

June 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to NabkaNews, your go-to source for the latest updates and insights on technology, business, and news from around the world, with a focus on the USA, Pakistan, and India.

At NabkaNews, we understand the importance of staying informed in today’s fast-paced world. Our mission is to provide you with accurate, relevant, and engaging content that keeps you up-to-date with the latest developments in technology, business trends, and news events.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Bitcoin rises to fresh record above $112,000, helped by Nvidia-led tech rally

July 10, 2025

WK Kellogg shares jump 40% on Ferrero deal report

July 10, 2025

In Confucius’ birthplace, global experts seek common ground for shared development-Xinhua

July 10, 2025
Most Popular

Opinion | China censors Apple App Store. Let’s take a look at how they censor it.

July 11, 2024

China’s GDP, China’s Third Plenary Session, President Trump’s assassination

July 15, 2024

Business leaders endorse Trump

July 16, 2024
© 2025 nabkanews. Designed by nabkanews.
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us

Type above and press Enter to search. Press Esc to cancel.