According to the data released by the General Administration of Customs on the 8th, the total import and export value of China’s goods trade was 10.76 trillion yuan, up by 19.8% over the same period of last year, of which the export was 5.88 trillion yuan, up by 14.8% , Up 26.5%; trade surplus of 994 billion yuan, narrowing 21.1% .5 May import and export value of 2.35 trillion yuan, an increase of 18.3%, of which exports 1.32 trillion yuan, an increase of 15.5%; imports 1.03 trillion yuan, 22.1%; trade surplus of 281.6 billion yuan, narrowing 3.4% .According to the dollar, May exports grew 8.7%, 8% for 3 consecutive months. Analysts pointed out that the export momentum to maintain better, mainly because the external demand Improvement and year-on-year low base. However, taking into account the international market uncertainty is still more, the future export growth may fluctuate, but the annual export is expected to achieve positive growth, export situation is better than the past two years.

External demand improvement boost exports sodium persulfate

“External demand continued to improve, domestic demand is still strong, both imports and exports in May than expected.” Founder Securities chief economist Ren Zeping said.

Data show that the first five months, the EU is still China’s largest trading partner, the total trade value of 1.6 trillion yuan, an increase of 16.1%, accounting for 14.8% of my total foreign trade.China is China’s second largest trading partner, ASEAN, Japan, three or four.

Export, mechanical and electrical products, traditional labor-intensive products are still the main export of China. In the first five months, the export of electromechanical products was 3.37 trillion yuan, up by 14.2%, accounting for 57.3% of the total export value. The total consumption of garments and textiles was 1.2 trillion yuan, up 12.8% The value of 20.3%.

Huatai Securities chief macro analyst Li Chao said that from the country data, the US exports continue to maintain a strong momentum, the early growth rate of ASEAN exports significantly rebound, which is the main reason to support the growth of exports. But because the US economic data is still weak in the second quarter, commodity prices to repair into the platform period, coupled with the May Morgan global trade leading index fell significantly, is expected to weaken the possibility of future global trade increased.

General Administration of Customs announced that China’s export trade index for May was 41.1, up 0.4 from last month; the export manager’s index was 45.2, up 0.4 from last month.

Bank of Communications chief economist Lian Ping said that the export momentum to maintain a better, both the reasons for the improvement of external demand, but also the reasons for the same low base. Foreign demand, the recent emerging market economies as a whole to the good, developed economies running smoothly, the European “black swan” event risk weakened. In the same period, the export growth rate in May last year was -6.9%.

Liu Xuezhi, a senior researcher at the Bank’s Financial Research Center, said that although the uncertainties in the future international market are still high, the future export growth is not ruled out, but the annual export is expected to achieve positive growth and the export situation is better than the past two years.

CITIC Securities chief economist Zhu Jianfang pointed out that the export chain rebounded stronger than imports, May trade surplus has expanded, is expected in the second quarter exports on GDP growth will be more than the first quarter of the promotion. Overall, the momentum of the current economic recovery in China is still good.potassium persulphate

Confirmed the economy to the good momentum

General Administration of Customs data show that imports rose 14.8% in May, for five consecutive months to maintain double-digit growth. The first five months, iron ore, crude oil and natural gas and other commodity imports and prices rose. Imports of electromechanical products increased, of which imports of 47 million vehicles, an increase of 25%.

Li Chao believes that import growth is expected to be due to infrastructure and real estate to domestic demand, the slowdown in domestic demand may be slower than expected.ammonium persulfate

Niuzhou Securities Global Chief Economist Deng Haiqing pointed out that the May import data “beautiful reversal” reflects the weakening of April import data is only the peak of commodity prices and other short-term negative factors superposition, should not be bearish economy logic. Although the current second and second tier cities housing prices may be gradually transferred to the real estate investment, the formation of a certain drag on the investment, but the economy will not appear at the bottom of the second, the import data in May once again strong and PMI data is good economy is good Best proof.

Lianping is expected that the future import growth may drop to single digits, because commodity prices are difficult to continue to rise sharply, some agricultural prices index has dropped, metal, industrial raw material price index may be shock or decline. Industrial producer purchase price index has narrowed, the future price of the lifting of the role of imports or gradually weakened.http://www.potassium-persulfate.com