Exports, Imports Fall Again
[2009-01-16 09:15:36]
China
Exports fell 2.8 percent year-on-year to US$111.16 billion, while imports fell 21.3 percent to US$72.18 billion, the General Administration of Customs (GAC) said.
The rates of decline for exports and imports accelerated from November.
Exports fell 2.2 percent year-on-year in November, the first monthly decline since June 2001. The previous decline, a much smaller 0.6 percent, reflected slumping
In December, exports fell 3.3 percent month-on-month, while imports fell 3.6 percent.
The trade surplus was US$38.98 billion, down from November's record high of US$40 billion.
Total trade for 2008 was US$2.56 trillion, up 17.8 percent from 2007. The total included US$1.43 trillion in exports, up 17.2 percent, and US$1.13 trillion in imports, up 18.5 percent.
The full-year trade surplus was US$295.46 billion, up 12.7 percent, GAC said.
The European Union remained
Trade between
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