China's ship exports surges 65.8% in Jan-Feb

China exported US$6.72 billion worth of ships, boats and floating structures in the first two months of this year, 65.8% more than in the same period of last year, according to statistics released by the General Administration of Customs. The growth was 7.9 percentage points faster than in the corresponding period of 2009.
In the period from January to February, the county imported US$220 million worth of such products, 24.6% more than in the corresponding period of last year. The growth was 14.8 percentage points slower than in the first two months of 2009.
China's new ship orders increased by a factor of 7.7 to 5.72 million dead weight tons in the first two months of this year, accounting for 51.9% of the world's total, according to an earlier report from China Knowledge.
The country's completed shipbuilding output surged 168% year on year to 9.18 million DWT, accounting for 46.1% of the world's total.