January trade surplus fell sharply to $6.45 billion trillion

Affected by the central import and export before the Spring Festival, imports and exports grew far beyond market expectations; With the production, the decline in the trade surplus will change the "Caixin Net" (reporter Yu Hailong) by the Spring Festival before the impact of concentrated imports and exports, January 2011, China's import and export performance far exceed market expectations, the trade surplus on schedule, the range also exceed expectations. Data from the general administration of Customs February 14 showed that China's foreign trade imports and exports in January amounted to 295.01 billion U.S. dollars, an increase of 43.9%.　　Among them, exports 150.73 billion U.S. dollars, imports 144.28 billion U.S. dollars, year-on-year growth of 37.7% and 51% respectively.　　After the seasonally adjusted, exports and imports year-on-year growth of 33.4% and 44.6% respectively, the chain growth rate is 0.1% and 10.8% respectively. Export and import performance are clearly exceeding market expectations.　　Caixin media before and after the Spring Festival to a number of financial institutions research departments issued questionnaires, reply to the questionnaire of 16 economists on the export growth forecast average of 21.4%, below the actual value of 16.3%, the highest value is only 26.6%; the average forecast for import growth is 28.1%, and the highest value is only 35.9%.　　The General administration of Customs said that the Spring festival holiday, the impact of the festival before the concentration of imports and exports more prominent, and then promote the January China's rapid growth of foreign trade. Bank of America Merrill Lynch China economist Lu also said that China's January import and export performance is largely due to changes in the Spring Festival holiday, 2010 Spring Festival later this year, the January concentrated import and export is not obvious.　　He predicts a slowdown in imports and exports this February.　　Liu Ligang, director of economic research at ANZ Greater China, said exports were better than market expectations, suggesting that China's foreign trade environment remained good and that demand in advanced economies remained strong, in line with the recent good performance of US and European economic data.　　China's exports to the European Union, the United States and Japan rose by more than December 2010 per cent, and in emerging markets, exports to India, Brazil and Russia increased by more than 10%. Imports, imports of major commodities, the price of rising.　　January China iron ore imports 68.97 million tons, grew 47.9%, the import average price is 151.4 U.S. dollars per ton, up 66.1%; soybean imports 5.14 million tons, rose 26%, import average price is 558.1 U.S. dollars per ton, up 20.4%. Liu Ligang that the outstanding imports show that China's demand for commodities is still very strong, but it also shows that China's domestic economic activity has maintained an upward trend. As China's domestic demand and investment will remain at a more robust level this year, and there is more room for increased income, this will be a fundamental factor underpinning the acceleration of China's imports.　　In addition to traditional commodity imports, imports of agricultural products will also show a stronger rise. China achieved a trade surplus of $6.45 billion trillion in January, its lowest level since May 2010, down 53.5% per cent year-on-year. This dropExceed market expectations.　　Previously, economists surveyed the trade surplus at $10.75 billion trillion, with a minimum value of $8.5 billion trillion.　　However, Goldman Sachs Gaohua China economist Songyusheng that the surplus is partly due to the fact that China's trade surplus is usually smaller at the start of the year.　　Liu Ligang also said that since raw material purchases were concentrated at the beginning of the year, trade surpluses in January and February were usually the lowest in the year, and in the coming months China's exports would gradually rise as production gradually began, so the decline in the trade surplus was only temporary. In his view, although the import performance will be more prominent, the surplus will show a certain degree of decline, but this decline is still far from the level of trade balance.