China's foreign trade volume down 9.6% Jan-Feb

Time:2020-03-09 08:47:11      Source:ChinaDaily.com
China's foreign trade volume totaled 4.12 trillion yuan ($592 billion) in the first two months of this year, falling 9.6 percent year-on-year, data released by the General Administration of Customs showed on Saturday.
 
The country's exports dropped by 15.9 percent to 2.04 trillion yuan and imports declined by 2.4 percent to 2.08 trillion yuan during this period.
 
In the meantime, China's foreign trade with the Association of Southeast Asian Nations and economies related to the Belt and Road Initiative rose 2 percent and 1.8 percent respectively.
 
The administration said though the novel coronavirus outbreak has caused certain impact on the country's exports and imports within a short term, China's foreign trade ability remains highly resilient. Chinese companies have strong adaptability and market development capabilities in dealing with the new situation.
 
The GAC has recently issued a number of policy measures including supporting the development of China-Europe freight train service and comprehensive bonded zones to help with work resumption at export-oriented firms and ensure stable trade flows amid the coronavirus outbreak.
 
 
 
Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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