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Overall exports & imports register awesome drop

17
Oct '09
General Administration of Customs announced today relevant data on imports and exports from January to September this year. According to customs statistics, in the first three quarters, China's total foreign trade of import and export value reached US $1.55782 trillion.

This meant a decline of 20.9 percent compared with same period last year. Of which, exports realized US $846.65 billion, down 21.3 percent; imports fetched US $711.17 billion, down 20.4 percent, showing an accumulated trade surplus of US $135.48 billion, a reduction of 26 percent.

China's foreign trade value achieved US $218.94 billion in the month of September, down 10.1 percent year on year, but up 14.2 percent from the previous month. Both imports and exports exceeded US $100 billion mark.

Of which, export value was US $115.93 billion, down 15.2 percent year on year, but up 11.8 percent from the previous month; import value was US $103.01 billion, down 3.5 percent year on year, but up 17 percent from the previous year.

In exports, the decline in main labour-intensive exports was generally smaller. Customs statistics show that year-on-year decrease of China's main labour-intensive exports was much less than 21.3 percent of the overall drop of China's total exports over the same period.

Of which, exports of clothing and accessories were US $78.54 billion, down 10.2 percent year on year; exports of textile yarn and fabrics were US $43.1 billion, down 13.7 percent and footwear exports were US $20.89 billion, down 5.6 percent.

Fibre2fashion News Desk - India


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