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 450 0 ex-mine 06-19
Shuozhou 5200 435 0 FOR 06-19
Ordos 5500 415 0 ex-mine 06-19
Yulin 6200 535 0 ex-mine 06-19
Liulin Low-sulphur 560 0 ex-mine 06-19
Gujiao Low-sulphur 1095 0 FOR 06-19
Xingtai Low-sulphur 1210 0 ex-Factory 06-19
Yangquan PCI 770 0 FOR 06-19
Index RMB/t WoW WoW% Date
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