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 122.64 points, down 1.26% from the previous month and down 9.15% year-on-year; the export trade index was 143.39 points, up 3.27% from the previous month , A year-on-year decrease of 3.29%; the import trade index was 101.53 points, a decrease of 7.12% month-on-month and a year-on-year decrease of 16.44%. From January to May, my country’s total import and export trade was 1,648.266 billion US dollars, a year-on-year decrease of 7.72%. Total export trade was US$884.674 billion, down 7.73% year-on-year; total import trade was US$763.592 billion, down 7.71% year-on-year.

China’s trade with continents

From January to May, the import and export trade value between China and Asia was 866.563 billion US dollars, a year-on-year decrease of 5.61%, accounting for 52.57% of China’s total imports and exports. The export trade value was 439.308 billion US dollars, down 6.38% year-on-year; the import trade value was 427.525 billion US dollars, down 4.80% year-on-year.

From January to May, the import and export trade value between China and Europe was US$320.11 billion, a year-on-year decrease of 7.66%, accounting for 19.42% of China’s total imports and exports. The export trade value was US$182.748 billion, down 5.35% year-on-year; the import trade value was US$137.364 billion, down 10.57% year-on-year.

From January to May, the import and export trade value between China and Africa was US$67.994 billion, down 19.56% year-on-year, accounting for 4.13% of China’s total imports and exports. The export trade value was 38.913 billion US dollars, down 10.66% year-on-year; the import trade value was 29.081 billion US dollars, down 29.02% year-on-year.

From January to May, the import and export trade value between China and North America was US$204.264 billion, down 13.80% year-on-year, accounting for 12.39% of China’s total imports and exports. The export trade value was 150.04 billion US dollars, down 13.97% year-on-year; the import trade value was 54.224 billion US dollars, down 13.35% year-on-year.

From January to May, the import and export trade value between China and Latin America was 113.140 billion US dollars, a year-on-year decrease of 8.31%, accounting for 6.86% of China’s total imports and exports. The export trade value was 51.36 billion US dollars, down 9.76% year-on-year; the import trade value was 61.78 billion US dollars, down 7.07% year-on-year.

From January to May, the import and export trade value between my country and Oceania reached US$76.046 billion, up 0.06% year-on-year, and accounted for 4.61% of my country’s total imports and exports. The export trade volume was US$22.576 billion, up 3.03% year-on-year; the import trade volume was US$53.471 billion, down 1.14% year-on-year

Source: Ningbo Shipping Exchange