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China's exports down 0.5% in Jan

Feb. 10, 2012 (China Knowledge) - China, the world's largest exporter, saw its exports reach US$149.94 billion in January this year, 0.5% less than that in the same month of 2011, according to the latest statistics released by the General Administration of Customs today.
Last month, the country's imports fell 15.3% year on year to US$122.66 billion, taking its foreign trade value to a total of US$272.6 billion, up 7.8% year on year.

The customs said that the decline in both exports and imports was due to the Chinese Lunar New Year holiday, which reduced the total working days in the month to only 17, 4 less than in January 2011.

The country's trade surplus widened to US$27.28 billion in January from US$10.6 billion in December.

China saw declines in trade with traditional partners but growth in trade with emerging countries. The country's trade with the E.U., the U.S. and Japan were US$42.68 billion, US$35.46 billion and US$22.73 billion, down 7.1%, 3.9% and 18.4% year on year, respectively, and its trade with the ASEAN member countries fell 10.6% to US$25.89 billion. China's trade with Russia and Brazil grew 26.8% and 5.7%year on year to US$7.16 billion and US$6.34 billion, respectively.

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