China's February trade deficit is 7.3 billion U.S. dollars

China's General administration of Customs March 10 released the Import and export statistics, said that due to the impact of the Spring festival holiday, led to a marked slowdown in export growth in February this year, the month of the 7.3 billion U.S. dollar trade deficit, significantly exceeded market expectations.　　The January-February deficit amounted to $890 million trillion.　　The February trade surplus forecast averaged $3.59 billion trillion, with a median of $3.25 billion trillion, according to data from the chief economist of First financial research. Customs statistics show that this February, China's exports of 96.74 billion U.S. dollars, an increase of 2.4% per cent, imports 104.04 billion U.S. dollars, growth of 19.4%. The import and export value of the month was 200.78 billion U.S. dollars, an increase of 10.6%.　　are significantly below market forecasts. The results of the first financial chief economist showed that, in addition to the trade surplus shrank sharply in February, import and export growth also fell.　　February export growth forecast mean 23.3%, median 25.2%, February import growth forecast mean 29.6%, median of 32.4%. Customs statistics also show that this 1-February, China's exports of 247.47 billion U.S. dollars, an increase of 21.3% per cent, imports 248.36 billion U.S. dollars, growth of 36%. China's import and export value of 495.83 billion U.S. dollars in January-February, up 28.3% from the same period last year.　　The cumulative trade deficit is 890 million dollars. Specifically, 2011 1-February, China's general trade deficit under the 28.85 billion U.S. dollars, expanded 3 times times. Exports of 116.55 billion U.S. dollars, an increase of 21.7%, imports 145.4 billion U.S. dollars, growth of 41.2%, higher than the same time the national import growth rate of 5.2%.　　Imports and exports 261.95 billion U.S. dollars, an increase of 31.8%. January-February, China's processing trade trade surplus of 47.47 billion U.S. dollars, an expansion of 18.8%. Exports of 113.18 billion U.S. dollars, an increase of 21.8%, imports of 65.71 billion U.S. dollars, growth of 24.1%.　　Processing trade imports and exports 178.89 billion U.S. dollars, an increase of 22.6%. From the country situation, 1-February, the Sino-EU bilateral trade value of 76.2 billion U.S. dollars, an increase of 16.3%.　　During the same period, Sino-US bilateral trade amounted to 60.5 billion U.S. dollars, an increase of 22.6%. 1-February Japan returned to my third largest trading partner, and bilateral trade amounted to $48.85 billion trillion, an increase of 28.8%.　　Among them, I exported 19.76 billion U.S. dollars to Japan, grew 22.6%, imported 29.09 billion U.S. dollars from Japan, grew 33.5%, and 9.33 billion dollars in Japan's trade deficit, expanding 64.5%. Over the same period, ASEAN ranked China's fourth largest trading partner status, bilateral trade value of 47.44 billion U.S. dollars, an increase of 21.2%.　　Among them, China exports 21.54 billion U.S. dollars to ASEAN, grew 15.4%, imports 25.9 billion U.S. dollars from ASEAN, grew 26.6%, and the trade deficit of ASEAN 4.36 billion dollars, expanding 1.4 times times. In the case of domestic provinces, 1-February, Guangdong province foreign trade intoExports amounted to $125.42 billion trillion, an increase of 35.5%.　　In the same period, the import and export values of Jiangsu, Shanghai and Beijing were 73.81 billion, 59.62 billion and 57.85 billion respectively, increasing 19.7%, 22.3% and 37.1% respectively.　　In addition, Zhejiang Province, Shandong Province and Fujian Province import and export values of 42.32 billion, 32.82 billion and 18.27 billion U.S. dollars, respectively, growth of 19.9%, 32.1% and 23%. In the main export commodities, mechanical and electrical products export growth is slow, 1-February exports 143.82 billion U.S. dollars, an increase of 20.9%, compared to the same period of China's overall export growth rate of 0.4%, accounting for the same period of China's export value of 58.1%.　　The same period imports of mechanical and electrical products 105.06 billion U.S. dollars, an increase of 28.2%, of which 138,000 cars, 47.5% growth. In January-February, traditional commodity exports grew steadily, with clothing exports of 19.79 billion U.S. dollars and 9.5% per cent, textile exports of 12.27 billion U.S. dollars, growth of 20.8%; footwear exports 6.07 billion U.S. dollars, growth 14.3%; furniture exports 5.35 billion U.S. dollars, up 13.2%　　Luggage exports of 2.88 billion U.S. dollars, increased by 30.1%, plastic products exports 2.84 billion U.S. dollars, growth of 14.4%; toy exports 1.22 billion U.S. dollars, growth 12.1%. In imports, imports of major commodities continued to grow in January-February this year, with a general pick-up in the average import prices.　　Among them, iron ore imports 120 million tons, an increase of 22.6%, the import average price of 154.3 U.S. dollars per ton, up 62.6%. January-February, soybean imports 7.45 million tons, grew 6.1%, the import average price is 566.7 dollars per ton, up 22.7%.