The latest foreign trade data released by Zhejiang shows that the import and export situation is still grim, with exports down 23.2% year-on-year and imports down 11.1%. This is the third consecutive month that Zhejiang Foreign Trade has experienced a "double down" situation since it entered the downtrend channel in November 2008.
Hangzhou Customs statistics show that Zhejiang's foreign trade import and export value in May was 14.5 billion US dollars, down 19.8% year-on-year. Of this total, exports were US$1.05 billion, down 23.2%; imports were US$4.45 billion, down 11.1%.
It is noteworthy that in May, Zhejiang's exports continued to increase in the year-on-year decline, and there was a monthly decline in the month-on-month. The pressure on foreign trade exports further increased. Statistics show that in May, Zhejiang's foreign trade exports fell by 23.2% year-on-year, a decrease of 4.1 percentage points over April.
In this regard, Hangzhou Customs statistical analysis expert Qian Ping believes that the export of Zhejiang Province in May showed a month-on-month decline. In addition to the weak external demand, seasonal fluctuations are also one of the important reasons.
Hangzhou Customs statistics show that Zhejiang's foreign trade import and export value in May was 14.5 billion US dollars, down 19.8% year-on-year. Of this total, exports were US$1.05 billion, down 23.2%; imports were US$4.45 billion, down 11.1%.
It is noteworthy that in May, Zhejiang's exports continued to increase in the year-on-year decline, and there was a monthly decline in the month-on-month. The pressure on foreign trade exports further increased. Statistics show that in May, Zhejiang's foreign trade exports fell by 23.2% year-on-year, a decrease of 4.1 percentage points over April.
In this regard, Hangzhou Customs statistical analysis expert Qian Ping believes that the export of Zhejiang Province in May showed a month-on-month decline. In addition to the weak external demand, seasonal fluctuations are also one of the important reasons.
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