Maritime Silk Road Trade Index (STI) : The year-on-year growth rate of China’s exports slowed down in May

In May 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 168.67 points,down 0.55% from the previous month and up 37.53% year-on-year; the export trade index was 182.98 points, remain same compare to the previous month,an increase of 27.61% year-on-year;the import trade index was 154.10 points,down 1.21% month-on-month and up 51.78% year-on-year.

From January to May, China total import and export trade value was US$2,270.2 billion,a year-on-year increase of 37.7%.The total export trade value was US$1,237.8 billion,a year-on-year increase of 39.9%;the total import trade value was US$1,032.4 billion,a year-on-year increase of 35.2%.

China’s trade with continents
From January to May, the import and export trade value between China and Asia was US$1,157.1 billion, up 33.5% year-on-year, accounting for 51.0% of China’s total import and export value. The export trade value was 593.3 billion U.S. dollars, up 35.1% year-on-year; the import trade value was 563.9 billion U.S. dollars, up 31.9% year-on-year.

From January to May, the import and export trade value between China and Europe was US$444.1 billion, up 38.7% year-on-year, accounting for 19.6% of China’s total import and export value. The export trade value was 255.4 billion U.S. dollars, up 39.7% year-on-year; the import trade value was 188.7 billion U.S. dollars, up 37.4% year-on-year.

From January to May, the import and export trade value between China and Africa was US$94.4 billion, up 38.8% year-on-year, accounting for 4.2% of China’s total import and export value. The export trade value was 53.5 billion U.S. dollars, up 37.5% year-on-year; the import trade value was 40.9 billion U.S. dollars, up 40.6% year-on-year.

From January to May, the import and export trade value between China and North America was US$309.7 billion, a year-on-year increase of 51.6%, accounting for 13.6% of China’s total import and export value. The export trade value was 224.3 billion U.S. dollars, up 49.5% year-on-year; the import trade value was 85.4 billion U.S. dollars, up 57.5% year-on-year.

From January to May, the import and export trade value between China and Latin America was US$163.5 billion, a year-on-year increase of 44.5%, accounting for 7.2% of China’s total import and export value. The export trade value was 81.6 billion U.S. dollars, up 58.9% year-on-year; the import trade value was 81.9 billion U.S. dollars, up 32.6% year-on-year.

From January to May, the import and export trade value between China and Oceania was US$100.4 billion, up 32.0% year-on-year, accounting for 4.4% of China’s total import and export value. The export trade value was 29.7 billion U.S. dollars, up 31.6% year-on-year; the import trade value was 70.7 billion U.S. dollars, up 32.1% year-on-year.
Source: Ningbo Shipping Exchange