China's export value down 17.5% in Jan.

 

China's export volume went down 17.5 percent year-on-year to 90.45 billion U.S. dollars in January, the General Administration of Customs said on Wednesday.

The import volume, however, fell by a much larger degree of 43.1 percent to 51.43 billion U.S. dollars.

The total foreign trade was 141.8 billion U.S. dollars, with the trade surplus up 102 percent over the same month of last year to 39.1 billion U.S. dollars.

However, the customs administration said, after deducting the effect of the week-long Spring Festival holiday, the year-on-year export growth was 6.8 percent and the import decline was 26.4 percent on real term. On monthly basis, the export volume was up 10.1 percent on December and the import value down 3.8 percent.

Source: Xinhua