China buys fewer American goods in May; trade surplus grows

[superadmin]

• China bought $13.11 billion dollars’ worth of goods from the U.S. in May, down from $13.94 billion in April, customs data accessed through Wind Information showed.
  
• While overall Chinese imports from other countries grew at their fastest pace in 10 years — up 51.1% — the pace of growth for imports from the U.S. slowed to 41% in May from a year ago, versus 52% the prior month.
  
• The U.S. remains China’s largest trading partner on a single-country basis, despite the trade tensions.
  

BEIJING — China bought fewer American products in May versus the prior month, while exports to the U.S. rose, according to customs data released Monday.

China bought $13.11 billion dollars’ worth of goods from the U.S. in May, down from $13.94 billion in April, data accessed through Wind Information showed. May’s figure marked the lowest monthly amount since October, the data showed.

While overall Chinese imports from other countries grew at their fastest pace in 10 years — up 51.1% — the pace of growth for imports from the U.S. slowed to 41% in May from a year ago, versus 52% the prior month.


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