Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:

China’s foreign trade falls 6% in Q1

by ChemOrbis Editorial Team -
  • 13/04/2015 (11:37)
According to media reports, China’s total foreign trade declined 6% to CNY5.54 trillion ($891 billion) in the first quarter of this year. A report released by China’s General Administration of Customs (GAC) showed that the country’s exports rose 4.9% while imports declined 17.3% in the first three months of this year. In March, China’s foreign trade declined 13.5% on the year to CNY1.76 trillion ($286.6 billion).

China’s trade with the European Union dropped 2.1% while trade with the United States was up 3.2% in the January- March period.

Meanwhile, the Chinese government lowered its annual target for foreign trade growth to approximately 6% this year compared with 2014’s growth target of 7.5%. Analysts cited the sluggish global recovery and a slowdown in the Chinese economy as the main reasons behind weaker foreign trade statistics.
Free Trial
Member Login