News from Xinhua Net: Figures released by the General Administration of Customs of the People’s Republic of China on March 11 indicates that in January and February, total foreign trade value is＄266.766b, 27.2% lower than the same period of last year. According to the statistics, total foreign trade value in February is ＄124.948b, -24.9% year-on-year.

The total export amount from January to February accumulated ＄155.325b, down 21.1% year-on-year. The total export value is ＄64.895b, down 25.7% in comparison with the same period of last year.

The global economy downturn seemed to hit Chinese import and export volumes much seriously in the first quarter of this year, agrochemical industry however will more likely to recover in the spring season.