China's exports continue to rise in May, despite the slow rise of the month of April, due to strong global demand with more economies around the world, and imports rose back by commodity prices.


According to Arab Net, the Chinese Customs Department said on Monday that exports had grown almost 28% in May compared to the previous year, weaker than forecasts and less than April, but still much higher than historical growth rates.


Imports rose 51.1%, the fastest pace since March 2010, a monthly commercial surplus of $ 45.5 billion.


The external demand for Chinese goods remained strong, with economies from Britain to the United States from a long closing period, resulting in an increase in consumer spending. South Korea's exports, a leading global trade, has risen as much since 1988 in May, in reference to the promotion of global recovery.


Jonathan Kafena, large market analysts at Informa Global Markets, said in an interview with Bloomberg TV: Still a somewhat good figures set .. We know that global demand is still recovering and is likely to continue this trend at the end of the second quarter and third quarter with Fatah The main advanced economies.


The emergence of cases of Kovid-19 in India and Southeast Asia have disabled production in those countries, which could increase import orders from China. He also led to increased demand from those countries on Chinese-made medical goods, such as personal protection equipment, according to economists in Citigroup.


Continue momentum


China's exports will maintain its good momentum in the first half of the year, "said Gao Feng, spokesman for the Chinese Ministry of Commerce.


Pikyan Liu, economic at Natwest Group PLC, said the trade surplus could remain in the coming months with strong export survival. We expect the superior performance of the external sector to remain the main theme of recovering in the second half of 2021.


Price jump


On the other hand, commodity prices have caused increased imports, and strong recovery of the Chinese economy contributed to the epidemic in increased demand for commodities, and helped raise their prices.


Imports of iron ore and concentrations rose 85.5% in value in the first five months of the year, but only 6% in size. The brass raw imports and concentrations increased by 54.5% in terms of value, but only 6.4% in size.


These standard prices raise costs for companies. The government has recently stepped up its campaign to tame prices and curb inflation pressures.