Skip to main content

China's imports and exports tumble

  • Story Highlights
  • Imports are down 24.1 percent from year-ago levels
  • Falling demand has pushed down China's consumer, producer price indices
  • The declines indicate inflation at the retail and wholesale levels
  • China has seen double-digit growth since 2001, but exports were hit in late 2008
  • Next Article in World Business »
Decrease font Decrease font
Enlarge font Enlarge font

BEIJING, China (CNN) -- Chinese exports plunged 25.7 percent, to $64.90 billion, in February compared with the previous year, the government reported Wednesday, as the once-white hot economy fell victim to the international economic downturn.

Imports dropped as well, falling $60.05 billion in February, or 24.1 percent, from year-ago levels, according to China's General Administration of Customs.

Beijing had already reported on Tuesday that slumping consumer demand had pushed China's consumer and producer price indices into negative territory in February.

Consumer prices fell 1.6 percent for the month, compared with a year ago, while the producer price index dropped 4.5 percent from a year earlier, state-run Xinhua news agency reported.

The numbers are indicators of inflation at the retail and wholesale levels, which means average prices are falling across China.

Lower prices can be good news for consumers. But in times of recession or economic slowdown, they are also a sign that demand has fallen and producers have had to lower prices to sell their products.

China had seen double-digit growth since 2001 as consumers worldwide bought Chinese goods. However, exports were hit hard starting in late 2008 because of the global economic crisis.


In November, China announced plans to inject $586 billion (4 trillion yuan) into its economy to offset declines in industrial and export growth.

That economic stimulus plan included the loosening of credit restrictions, tax cuts and massive infrastructure spending.

All About TradeImports and ExportsChina

  • E-mail
  • Save
  • Print