Mofcom: 28.3% growth in import and export grew sharply back in February

China Economic Network Beijing March 22 (reporter Liu Yangwu) Ministry of Commerce spokesman Yao Jian said this morning that January-February this year, China's imports and exports 495.83 billion U.S. dollars, an increase of 28.3%.　　Import and export growth has fallen sharply and prices have risen markedly. Yao said that according to customs statistics, January-February, China's import and export 495.83 billion U.S. dollars, an increase of 28.3%. Among them, exports 247.47 billion U.S. dollars, growth 21.3%; imports 248.36 billion U.S. dollars, growth 36%. February, China's import and export 200.78 billion U.S. dollars, an increase of 10.6%.　　Among them, exports of 96.74 billion U.S. dollars, growth of 2.4%, imports of 104.04 billion U.S. dollars, growth of 19.4%, a deficit of 7.31 billion U.S. dollars, following last March, the monthly deficit again.　　Yao pointed out that China's imports and exports in January-February mainly presents three major characteristics. First, the import and export growth rate fell sharply, the price rose markedly. Affected by the Spring Festival factors, import and export growth in February than the same period in 2010 fell 34.8%, of which exports, import growth fell 43.3 and 25.6% respectively.　　The average export price rose 11.6% per cent to a record high since March 2008, with average imports rising 16.7% per cent to a 8-month high. Second, exports to the European and American markets have fallen more and the export of emerging markets has steadily increased. In February, my exports to the European Union and the United States fell by 8.1% and 3.6% respectively, below the overall increase of 10.5 and 6%. I have maintained a relatively rapid growth in exports to emerging market countries.　　In January-February, I grew 30.6%, 46%, 37.2% and 34.6% of exports to South Korea, India, Russia and Brazil respectively. Third, the general trade deficit soared, processing trade exports stable growth. February, the general trade exports 41.67 billion U.S. dollars, down 4.8%; imports 60.49 billion U.S. dollars, growth 25.1%, deficit 18.82 billion U.S. dollars, growth 3.1 times times. Processing trade exports 47.96 billion U.S. dollars, an increase of 9.6%, higher than the overall increase of 7.2%, import 28.14 billion U.S. dollars, growth of 8%, below the overall increase of 11.4%.