China: The export of many products of silicone is booming, and the growth rate of export is higher than expected and has bottomed out obviously.

Data from the General Administration of Customs of China: In May, the total value of imports and exports was 3.45 trillion yuan, a year-on-year increase of 9.6%. Among them, the export was 1.98 trillion yuan, an increase of 15.3%; the import was 1.47 trillion yuan, an increase of 2.8%; the trade surplus was 502.89 billion yuan, an increase of 79.1%. From January to May, the total value of imports and exports was 16.04 trillion yuan, a year-on-year increase of 8.3%. Among them, exports were 8.94 trillion yuan, an increase of 11.4% year-on-year; imports were 7.1 trillion yuan, an increase of 4.7% year-on-year; trade surplus was 1.84 trillion yuan, an increase of 47.6%. From January to May, ASEAN, the European Union, the United States and South Korea were China’s top four trading partners, importing and exporting 2.37 trillion yuan, 2.2 trillion yuan, 2 trillion yuan and 970.71 billion yuan respectively; an increase of 8.1%, 7%, 10.1% and 8.2%.