China's trade situation remains tough: ministry
                 English.news.cn | 2013-02-20 16:37:20 | Editor: Hou Qiang

File photo taken on July 30, 2012 shows a bonded port in southwest China's Chongqing.  (Xinhua Photo)

BEIJING, Feb. 20 (Xinhua) -- China's foreign trade still faces a tough situation in 2013 despite a better January performance, as overseas demand remains sluggish, the Ministry of Commerce (MOC) warned Wednesday.

Earlier customs data showed that China's foreign trade surged 26.7 percent year on year to 2.17 trillion yuan (345.5 billion U.S. dollars) in January. The rise was bigger than the 10.2-percent growth seen in December.

Exports and imports rose 25 percent and 28.8 percent from a year earlier, respectively.

January data showed that foreign trade has further stabilized thanks to a range of pro-growth measures, although the stabilization does not necessarily signify a sharp increase or a rebound due to more working days, MOC spokesman Shen Danyang said at a press conference.

There were 22 working days in January, five days more than last year, when the seven-day Spring Festival holiday fell during the first month of the year.

After adjusting for seasonal factors, foreign trade went up 8.1 percent year on year in January. Furthermore, on a monthly basis, January's trade volume dropped 5.8 percent from December, even with one more working day, according to customs data.

Shen said the January data fall within expectations, but do not indicate whether this year's foreign trade will fare better.

Due to the Spring Festival holiday, the year-on-year increase in China's foreign trade might narrow in February, especially compared with the near-30 percent growth seen in February last year, Shen predicted.

In response to reports that China has overtaken the U.S. as the world's biggest trader, Shen reiterated that China's total foreign trade fell 15.64 billion U.S. dollars short of the U.S. according to measurements adopted by the WTO.

The WTO will release its official global foreign trade rankings around late February or early March, the ministry added.

Related:

FDI drops again amid slowdown

BEIJING, Feb. 21 (Xinhuanet) -- Foreign direct investment dropped again in January as a result of the global slowdown as well as lingering concerns over China's economic recovery.  Full story

China less dependent on foreign trade in 2012

BEIJING, Feb. 7 (Xinhua) -- China's foreign trade dependence ratio dropped 3.1 percentage points to 47 percent in 2012, the General Administration of Customs (GAC) said Thursday.  Full story

China's foreign trade still smaller than US: MOC

BEIJING, Feb. 13 (Xinhua) -- China's combined export and import volume in 2012 still ranked behind that of the United States when using the same method to measure, the Ministry of Commerce (MOC) said Wednesday.  Full story

分享
China less dependent on foreign trade in 2012
China launches cellulose pulp anti-dumping probes
Ecobank sees more benefits in China-Africa trade
China Exclusive: Shanghai plans pilot free trade zone
Melting snow leads to rising water levels in Inner Mongolia
Melting snow leads to rising water levels in Inner Mongolia
Students have classes in prefab houses in quake-hit Lushan county
Students have classes in prefab houses in quake-hit Lushan county
Taizhou Global Commodity Purchasing Center opens
Taizhou Global Commodity Purchasing Center opens
Shangli Ancient Town returns to normal after earthquake hits Ya'an city
Shangli Ancient Town returns to normal after earthquake hits Ya'an city
Thousands of jellyfish on display at Vancouver Aquarium
Thousands of jellyfish on display at Vancouver Aquarium
Mexican President attends Municipalities Annual Conference 2013
Mexican President attends Municipalities Annual Conference 2013
Three-floor Warehouse catches fire in Yerevan, Armenia
Three-floor Warehouse catches fire in Yerevan, Armenia
Morsi, Abbas discuss internal-Palestinian reconciliation
Morsi, Abbas discuss internal-Palestinian reconciliation
Back to Top Close
010020070750000000000000011100001321809391