Photo taken on June 8, 2010 shows the colossal chemicals-transport ship of Attilio Ievoli, which is manufactured by the Rushan Shipbuilding Co., Ltd. for export to Italy, taking water at its launching ceremony, at Rushan, east China's Shandong Province. [Xinhua]

 China's exports surged by 48.5 percent year on year in May, while the imports climbed 48.3 percent, the General Administration of Customs (GAC) announced Thursday.

The growth rate for exports was 18.1 percentage points up from the figure for April, and the import growth rate dipped slightly from 49.7 percent reported in April.

Exports totalled US$131.76 billion in May, said a statement on the GAS website, adding imports topped US$112.23 billion.

Total foreign trade value rose 48.4 percent from a year earlier to US$243.99 billion in May. The figure was even 10.2 percent higher than May 2008 before the global financial crisis began, the statement said.

Exports were up 9.2 percent from May in 2008 and imports grew 11.4 percent.

From January to May, the total value of foreign trade rose 44 percent year on year to US$1.1 trillion.

Exports were up 33.2 percent to US$567.74 billion and imports rose 57.5 percent to US$532.35 billion, said the statement.

The trade surplus fell 59.9 percent to US$35.39 billion in the first five months.

(Xinhua News Agency June 10, 2010)