en.Wedoany.com Reported - According to customs statistics, China's total foreign trade value of goods reached 20.68 trillion yuan in the first five months of 2026, a year-on-year increase of 15.3%. Exports amounted to 11.91 trillion yuan, up 11.8%; imports totaled 8.77 trillion yuan, up 20.5%. In May alone, the total import and export value was 4.45 trillion yuan, up 16.9%; exports were 2.59 trillion yuan, up 13.8%, and imports were 1.86 trillion yuan, up 21.5%.
In terms of trade structure, general trade imports and exports reached 12.47 trillion yuan in the first five months, up 8.3%; processing trade imports and exports totaled 3.95 trillion yuan, up 22.9%; and bonded logistics imports and exports amounted to 3.59 trillion yuan, an increase of 41.8%.
Regarding major trading partners, China's trade value with ASEAN reached 3.52 trillion yuan in the first five months, up 16.6%; trade with the EU totaled 2.53 trillion yuan, up 10.3%; and trade with the U.S. was 1.61 trillion yuan, down 6.6%. During the same period, imports and exports with countries jointly building the "Belt and Road" Initiative totaled 10.57 trillion yuan, a year-on-year increase of 13.6%.
Among foreign trade entities, private enterprises performed actively, with imports and exports reaching 11.81 trillion yuan in the first five months, up 15.5%; foreign-invested enterprises recorded 6.02 trillion yuan, up 15.7%; and state-owned enterprises achieved 2.81 trillion yuan, up 14%.
In terms of key commodity exports, electromechanical product exports reached 7.58 trillion yuan in the first five months, up 18.4%; labor-intensive product exports totaled 1.61 trillion yuan, down 3.1%; and agricultural product exports amounted to 300.79 billion yuan, up 1.6%. On the import side, electromechanical product imports reached 3.54 trillion yuan, up 25.3%; crude oil imports totaled 218 million tons, down 4.8%; and agricultural product imports amounted to 618.16 billion yuan, up 7.6%.
SMM has compiled details on imports and exports of certain metal products based on data from the General Administration of Customs.
On the export side, rare earth exports in May 2026 were 5,490.4 tons, down 6.4% from May 2025; cumulative exports from January to May totaled 25,378.0 tons, up 2.2% year-on-year. In May 2026, steel exports were 10.341 million tons, down 2.2% year-on-year; cumulative exports in the first five months reached 44.554 million tons, down 8.1% year-on-year. Unwrought aluminum and aluminum products exports in May were 632,000 tons, up 15.5% year-on-year; cumulative exports in the first five months totaled 2.685 million tons, an increase of 10.4%.
On the import side, iron ore and concentrate imports in May 2026 were 97.711 million tons, down 0.4% year-on-year; cumulative imports from January to May reached 516.258 million tons, up 6.3%. In May, copper ore and concentrate imports were 2.361 million tons, down 1.4% year-on-year; cumulative imports in the first five months totaled 12.275 million tons, down 1%. Coal and lignite imports in May were 33.265 million tons, down 7.7% year-on-year; cumulative imports in the first five months reached 182.623 million tons, down 3.2%. Rare earth imports in May were 6,770.2 tons, a sharp decrease of 42.1% year-on-year; cumulative imports in the first five months totaled 47,628.0 tons, down 2.8%. Steel imports in May were 451,000 tons, down 6.2% year-on-year; cumulative imports in the first five months reached 2.255 million tons, down 12.2%. Unwrought copper and copper products imports in May were 446,000 tons, up 4.4% year-on-year; cumulative imports in the first five months totaled 2.013 million tons, down 7%.
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