China's imports of major commodities lost momentum in May, with crude oil, coal, iron ore and copper all recording declines amid concerns about growth in the world's second-biggest economy.

China has reported its exports rose 4.8% in May from a year earlier, lower than expected as shipments to the United States fell nearly 10%

Asian shares are trading higher after China and the U.S. said they have a framework for following up on the trade truce reached last month in Geneva

China's iron ore imports dropped 4.9% in May from April, as mills exercised caution in procurement for seaborne cargoes in anticipation of seasonally slower steel consumption. The world's largest iron ore consumer brought in 98.

Chinese shipments to the US plummeted 35% in May compared to the year before, according to government data released Monday.