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January trade surplus as exports fall

02-10-2012 14:11 BJT

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The latest figures from China's General Administration of Customs shows a trade surplus in the first month of 2012, but imports and exports all declined compared to the same period last year.

In January, exports totalled 149.9 billion US dollars, while imports decreased by 15.3 percent. That means China reported a 27 billion US dollar trade surplus in the month.

Analysts say the fall is mainly due to seasonal factors, and there are less working days in January this year compared to the first month of 2011.

Taking out seasonal factors, foreign trade rose 6.2 percent on a yearly basis. Analysts note the slowing growth is due to a gloomy global economy and domestic macro policies weigh on demand.

 

 

Editor:Liu Fang |Source: CNTV.CN

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