The General Administration of Customs announced the cumulative import and export data for May and January-May of this year. The main information related to some furniture exports are as follows (in RMB):

May furniture exports were 29.44 billion, an increase of 7.2%

The export value of furniture and parts in May was 29.44 billion yuan, an increase of 7.2% from April; the cumulative export value from January to May was 122.67 billion yuan, a decrease of 14% from the same period in 2019 (year-on-year) and a decrease of 1.7% from January to April. 

From January to May, the cumulative exports of furniture, lamps, lighting fixtures and parts, ceramic products and textile products related to four industries were 653.18 billion yuan, an increase of 46.5% from the cumulative data from January to April.

In addition to furniture, textile exports amounted to 406.66 billion yuan, an increase of 25.5% year-on-year; lamps and lanterns 74.11 billion yuan, a decrease of 8.2%; ceramics 49.74 billion yuan, a decrease of 18.4%.

Overall, in the first five months of this year, the total value of my country's imports and exports of goods trade was 11.5 trillion yuan, a year-on-year decrease of 4.9%, and the decline was the same as the previous four months. Among them, exports were 6.2 trillion yuan, a year-on-year decrease of 4.7%, a decrease of 1.7 percentage points from January to April. ; Imports were 5.3 trillion yuan, down 5.2% year-on-year, and the decline was 9.5 percentage points higher than that from January to April; the trade surplus was 859.81 billion yuan.

In May, my country's foreign trade import and export was 2.5 trillion yuan, a year-on-year decrease of 4.9%, an increase from the 0.7% drop in April. Among them, exports reached 1.46 trillion yuan, an increase of 1.4%; imports reached 1.01 trillion yuan, a decrease of 12.7%. ; Trade surplus of 442.75 billion yuan.

Import and export growth in ASEAN in the first five months
Analysis: China, Japan, Korea and ASEAN have strong complementary capabilities

It is worth noting that under the epidemic, although my country’s imports and exports to the European Union, the United States and Japan have declined, imports and exports to ASEAN are still increasing.

Statistics show that in the first 5 months, ASEAN was my country's largest trading partner, and the total trade value between my country and ASEAN was 1.7 trillion yuan, an increase of 4.2%, accounting for 14.7% of my country's total foreign trade value.

Gao Feng, a spokesman for the Ministry of Commerce, admitted at a regular press conference on June 4 that we are also closely monitoring and investigating the trend of China's foreign trade in the next step. At present, there are still many uncertain and unstable factors. At the same time, China's foreign trade development has strong resilience, great potential, and great room for maneuver. The long-term development trend has not changed.

Therefore, the 2020 government work report also mentioned that it is necessary to promote the basic stability of foreign trade, and at the same time, support the transfer of exported products to domestic sales.