In January, the total import and export volume was 204.8 billion US dollars, up 44.4% year-on-year.
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Import and export have fallen back from last December. In January, exports were US$109.5 billion, down 16.3% from the previous month and up 21% from the same period of last year. Imports were US$9.53 billion, down 15.1% from the previous month and up 85.5% from the same period last year. A trade surplus of 14.2 billion US dollars was achieved.
The volume of steel imports and exports has decreased from December last year. In January, exports of steel 2.89 million tons (reduced 450,000 tons from December), an increase of 51.3%; imported steel 1.35 million tons (reduced by 130,000 tons in December), an increase of 54.9%; imported steel billet 30,000 tons, down year-on-year 74.1%. The net export of crude steel was about 1.62 million tons.
The import volume of bulk commodities such as iron ore, petroleum, copper and aluminum continued to increase year-on-year, and the average import price generally rose. In the same month, iron ore imports were 46.62 million tons (down 15.54 million tons from December 2009), an increase of 43% year-on-year; the average import price was 89.9 US dollars / ton, up 11.2%. Crude oil imports were 17.11 million tons (down 4.15 million tons from last month), a year-on-year increase of 33.4%. Coal imports were 16.07 million tons, up 4.4 times year-on-year; the average import price was 92.3 US dollars / ton, up 20.1%. Unwrought copper and copper imports were 292,000 tons (reduced by 77,000 tons from last month), and unwrought aluminum and aluminum were 98,000 tons (reduced by 19,000 tons from the previous month), up 25.3% and 73.3% respectively. The import of mechanical and electrical products was 43.5 billion US dollars (reduced by 10.7 billion US dollars from the previous month), an increase of 66.1% over the same period of last year; among them, 56,000 imported automobiles, an increase of 1.4 times.
Most textile products exports continue to grow. In the same month, textile exports increased by 18.2%; furniture, toys, luggage, and footwear exports increased by 7.6%, 5.9%, 4.5%, and 1.4%, respectively, and apparel exports fell by 4.9%. The export of mechanical and electrical products was 62.5 billion US dollars (about 57.1% of total exports), a year-on-year increase of 27%.