Chinese Exports Grew 13.8% Year-on-Year in May

China's exports surged by 13.8% year-on-year in May, reaching approximately 2.59 trillion yuan (about $381.47 billion), according to official data released Tuesday. This growth outpaced analyst expectations, which had predicted a 15% rise. The value of imports also saw a substantial increase, climbing 21.5% year-on-year to about 1.86 trillion yuan ($274.75 billion), exceeding the anticipated 25% growth. These figures indicate a robust expansion in China's international trade during the fifth month of the year. The total trade volume between China and other countries amounted to approximately 4.45 trillion yuan ($656.22 billion), marking a 16.9% increase compared to the same period last year. The country's trade surplus for May stood at around 723.98 billion yuan ($106.72 billion), a slight reduction of 2.63% from the previous year. Analysts often refer to dollar-denominated figures due to exchange rate fluctuations. In U.S. dollars, exports grew by 19.4% to $376.78 billion, while imports rose by 27.4% to $271.35 billion, both surpassing forecasts.