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