Over January-May, China's foreign trade value grew by 28.2% on year to Yuan 14.76 trillion ($2.3 trillion), according to the latest release by the country's General Administration of Customs. Within the total, the value of the country’s exports gained 30.1% on year to about Yuan 8 trillion, and that of imports grew 25.9% on year to Yuan 6.7 trillion.
China's coal and lignite imports during the first five months of this year fell by 25.2% on year to about 111.2 million tonnes, with the volume for May at about 21 million tonnes, according to the latest release by the country's General Administration of Customs (GACC). Last month’s volume was 4.6% lower on year and by 3.2% on month, Mysteel Global calculated.
China’s appetite for imported iron ore continued growing over January-May to reach around 471.8 million tonnes, higher by 26.9 million tonnes or 6% on year, though the pace had slowed marginally against the 6.7% on-year rise recorded for the first four months, the latest statistics released by the country's General Administration of Customs published on June 7 show.
China’s imports of copper ore and concentrates over January-May increased by 6.4% on year to reach 9.8 million tonnes, according to the latest data from China’s General Administration of Customs on June 7. The growth pace had quickened from the rise of 4.4% on year seen during January-April.
China exported 5.3 million tonnes of finished steel in May, which was lower by a huge 33.9% from the 53-month high of nearly 8 million tonnes reached in April, according to the latest statistics from China’s General Administration of Customs (GACC) published on June 7. Market sources commenting on the GACC statistics said the on-month plunge was a consequence of Beijing’s earlier announcement regarding steel export rebates which had prompted exporters to throttle-back their pace of shipping.