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China's foreign trade up in Jan & Feb

18
Mar '11
According an official report by China's General Administration of Customs, China's foreign trade was worth US $495.83 billion in first two months of this year. With significant increase in imports and exports, China registered 28.3 percent rise in foreign trade over the same period last year.

As per the report, China's exports were valued at US $247.47 billion, registering 21.3 percent growth rate, compared to the same period last year. China's imports increased 36 percent with total value of US $248.36 billion. Thus total trade deficit was just US $8.9 billion.

In export segment, traditional commodities registered steady growth rate of 9.5 percent with exports of US $19.79 billion. Textile exports earned US $12.27 billion with impressive growth rate of 20.8 percent while footwear exports earned US $6.07 billion, registering 14.3 percent rise.

Because of Chinese New Year holidays, China's exports suffered and growth rate showed declining trend. In February, China's import and export value was US $200.78 billion, registering 10.6 percent rise with exports of US $96.74 billion while imports contributed US $104.04 billion.

Fibre2fashion News Desk - China


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