Home > Community > China Biz > China sees 24.6% drop in electronics, IT product exports in Mar

China sees 24.6% drop in electronics, IT product exports in Mar

Published: 08 May 2009 01:09:25 PST

Top 5 News From ChinaKnowledge.com

May 8, 2009 (China Knowledge) - China's Ministry of Industry and Information Technology (MIIT) said Tuesday that the country's exports of electronics and information technology (IT) products fell again in March due to the ongoing global financial crisis.

In March, exports of Chinese electronics and IT products plunged 24.6% year on year to US$87.2 billion, accounting for 35.51% of the country's total export value. Those exports declined 19% in the first two months.

The country's imports of electronics and IT products in the same month stood at US$56.91 billion, down 31.1% from a year earlier.

Computers, cell phones, LCD panels, color TVs, processors and controllers are among the most exported products.

In March, exports of laptops, the country’s top export product, were US$12.7 billion, down 9.9% from a year earlier, while exports of cell phones were US$7.55 billion, down 11.3% year on year. LCD panel exports tumbled 47.6% to stand at US$3.05 billion.

Exports to China's three primary export destinations, Hong Kong SAR, the U.S. and Japan, stood at US$20.57 billion, US$17.54 billion and US$6.38 billion, down 26.59%, 16.28% and 22.39% year on year, respectively.

The three largest exporting provinces, Guangdong, Jiangsu and Shanghai, saw export volume of US$36.11 billon, US$18.74 billion and US$13.79 billion, down 22.53%, 29.15% and 23.81%, respectively.

Copyright © 2009 www.chinaknowledge.com