English     |     Español     |     Français
Exporting to Canada - Experts in trade for developing countries - TFO Canada
HIDE
  
Sign In or Register
Username:     Password:
 
Remember me   Forgot password?
Not a member? Register here
Not a member? Register here    
Home > About TFO Canada > News

Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

China's exports see sharp decline

Wednesday, February 11, 2009 > 09:22:57
Print



(Source: CNN.COM)



China's exports are falling as world demand slows China's exports fell more than expected in January, down 17.5% from a year earlier, marking the biggest drop in more than 10 years, figures have shown.

 



Imports were down 43.1% in the month compared with a year ago, as 's economy continued to be hit by the global economic slowdown.

 



Analysts say the slowdown could prompt more factory closures and job losses.

 



's global trade surplus widened to $39.1bn last month, after recording a surplus of $39bn in December.

 



Jobs pressure

 



"The numbers are terrible. The environment is awful," said Ken Peng, an economist at Citigroup.

 



"The pressure on unemployment will be huge," he added.

 



Some analysts argue that this worsening trend will continue, as the world economy contracts.

 



Last month, 's crude oil imports fell to their lowest level for 15 months - down 8% year-on-year.

 



The country shipped in 12.82 million tonnes of crude oil, nearly 11% lower than in December.

 




 


Contact TFO Canada
Meet Our Supporters
TFO Canada
130 Slater Street
Suite 1025
Ottawa, Ontario
CANADA   K1P 6E2
T 1.613.233.3925
F 1.613.233.7860
Canada Toll-Free:
1.800.267.9674
 
© TFO Canada   |   Sitemap   |   Terms & Conditions   |   Privacy Policy   |   Contact Us