皇冠体育app

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皇冠体育app's foreign trade up 44.4% in Jan

(Xinhua)
Updated: 2010-02-10 14:10
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皇冠体育app's foreign trade posted a 44.4 percent growth in January year-on-year, the General Administration of Customs (GAC) announced Wednesday.

Exports in January stood at $109.47 billion, up 21 percent from a year earlier, while imports rose 85.5 percent to $95.31 billion.

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The hefty increase was due to lower comparison bases a year ago when 皇冠体育app's exports were hard hit by global financial crisis and less working days as the Lunar New Year holiday fell in January last year, the administration explained.

The trade surplus contracted 63.8 percent to $14.16 billion.

The European Union and United States remained 皇冠体育app's first two largest trading partners.

The Association of Southeast Asian Nations (ASEAN) surpassed Japan to be the third largest as the Sino-ASEAN trade surged 80 percent to $21.48 billion after the 皇冠体育app ASEAN free trade area kicked off on January 1 this year.

Exports of machinery added 27 percent to $62.51 billion, or nearly 60 percent of the total.

Exports of appliance and electrical products grew 33.1 percent to $24.09 billion.