China's export volume went down 17.5 percent year-on-year to US$90.45 billion in January, the General Administration of Customs said on Wednesday.

The import volume, however, fell by a much larger degree of 43.1 percent to US$51.34 billion.

The total foreign trade was US$141.8 billion, with the trade surplus up 102 percent over the same month of last year to US$39.1 billion.

However, the customs administration said, after deducting the effect of the week-long Spring Festival holiday, the year-on-year export growth was 6.8 percent and the import decline was 26.4 percent on real term. On monthly basis, the export volume was up 10.1 percent on December and the import value down 3.8 percent.

Of the total January external trade, foreign-funded companies accounted for 52.2 percent, or US$74.05 billion, down 32.3 percent from a year ago, and state-owned businesses made up 22.3 percent, or US$31.65 billion, down 34.8 percent.

The total included US$27.93 billion in trade between China and the European Union, down 18.7 percent, US$22.25 billion in trade between China and the United States, down 15.2 percent, and US$14.5 billion in trade between China and Japan, down 28 percent.

In January China sold abroad US$10.51 billion worth of clothing, up 5.7 percent on the same month of last year, and US$2.91 billion worth of shoes, up 10.6 percent.

Meanwhile, export value of machines and electronics, which accounted for 54.3 percent of China's total exports, fell 20.9 percent to US$49.14 billion, and export volume of new- and high-tech products dropped 28 percent to US$21.66 billion.

According to the customs administration, in January China bought from abroad 32.65 million tonnes of iron ores, down 11.2 percent from a year earlier, 12.82 million tonnes of crude oil, down 8 percent, 2.39 million tonnes of refined oil, down 26.2 percent. Arrivals of finished industrial products were US$37.49 billion worth, down 39.9 percent.

(Xinhua News Agency February 11, 2009)