China's foreign trade surges 26.7% in January

China's foreign trade surges 26.7% in January  Beijing: China's foreign trade surged 26.7 percent year-on-year in January to 2.17 trillion yuan (USD 345.59 billion), said authorities Friday.

The rise was bigger than the 10.2-percent growth seen in December, the General Administration of Customs (GAC) said.

Exports rose 25 percent from one year earlier to 1.18 trillion yuan in January, and imports increased 28.8 percent to 990 billion yuan. The country's foreign trade surplus widened 7.7 percent to 183.21 billion yuan last month, reported Xinhua.

After adjustments to seasonal factors, foreign trade volume increased 8.1 percent year on year. There were 22 working days in January, five days longer than last year, GAC said.

China's foreign trade with the European Union rose 10.5 percent year on year last month to stand at USD 47.14 billion, and trade with the US increased 23.4 percent to USD 43.72 billion.

Trade with the ASEAN grew 42.9 percent to reach USD 36.99 billion.

IANS