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China's import and export of electronic products sharply down

(Xinhua)
Updated: 2009-04-04 10:43

The import and export of electronic and information products in China went down 30.3 percent year on year in the first two months, data released by the Ministry of Industry and Information Technology showed on Friday.

Related readings:  Electronics, information investment up 26% in Jan-Feb   Trade of electronics, information products total $885b  Technology sector gets more bytes  Electronics and information industry gets govt support

The combined import and export value was $87.61 billion through January to February.

In breakdown, export fell 26.1 percent from the same time a year ago to $53.55 billion. Import was down 36.07 percent to $34.06 billion.

The import value of LCD panel, a main component in flat-panel television, declined 48.8 percent to $1.82 billion.

The export value of processing trade with imported material, which comprised more than two thirds of the total export, was down 25.4 percent to $37.86 billion.

China's export, a driving force of the world's third largest economy, plummeted 25.7 percent year on year in February, the worst decline in more than a decade, as global demand deteriorated amid the deepening recession.