In May, foreign trade exports increased by 16.9% year on year China's foreign trade has a solid foundation for maintaining stability and improving quality

In May, supported by the orderly recovery of domestic production and supply and the continued strengthening of the policy of stabilizing foreign trade, China's foreign trade export enterprises actively sought change, stabilized orders, expanded markets, and further consolidated the foundation for maintaining stability and improving the quality of foreign trade.
According to the data, China's foreign trade export in May was US $308.25 billion, a year-on-year increase of 16.9%, 13 percentage points higher than the export growth rate of 3.9% in April. The export of high-tech and high value-added products has been increasing. In the first five months, the export value of China's mechanical and electrical products accounted for 57.2% of the total export value. Among them, automobile exports increased by 57.6% year-on-year.
Promoting product innovation and digital upgrading has become an important means for many export enterprises to stabilize their orders. This year, the garden appliance manufacturing enterprise in Ningbo, Zhejiang Province, reduced the orders of traditional export commodities by one third, and the eight products innovated and developed by the enterprise became a new growth point. In the first five months, the export of the enterprise increased by 57%, and the export of new products accounted for half.
Enterprises actively seek to stabilize orders, and all regions are also providing precise services to help enterprises continuously expand the international market. A stationery enterprise in Tieling, Liaoning, has accurately connected to a number of new customers from Thailand, Malaysia and other RCEP member countries through the locally launched regional comprehensive economic partnership agreement (RCEP) comprehensive query service platform.
As a series of policies and measures to stabilize the economy are further implemented and effective, there are still many supporting factors for the stable growth of China's foreign trade. The main body of the foreign trade market has been increasingly dynamic. In the first five months, the number of foreign trade enterprises with import and export performance reached 482000, an increase of 5% year-on-year; The import and export value of private enterprises accounted for 49% of China's total foreign trade value, an increase of 1.5 percentage points year-on-year.