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China's May exports totaled $181.14 billion while imports were $162.44 billion. The May trade surplus of $18.7 billion was up slightly from $18.42 billion in April, and $13 billion in May 2011. Economic woes in Europe continue to cast a shadow. Exports in the first five months of the year to the 27-nation European Union, China's biggest trading partner, are down 0.8 percent compared to the same period last year. That includes a drop of 25.1 percent in exports to debt-plagued Italy. That has been offset by surprisingly strong exports to the United States, which are up 14.4 percent in the first five months compared to the same period a year ago. Overall trade has risen 7.7 percent this year but some analysts say China's total trade for the full year might shrink. Last year trade grew by 22.5 percent compared to 2010.
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