China’s exports – in yuan terms – fell 20.6 percent year-on-year to 821.8 billion yuan (US$126.3 billion) in February, announced on Tuesday the country’s General Administration of Customs.

The newly released data – quoted by Chinese state-run news agency Xinhua – also showed imports decreased 8 percent year-on-year in February, to 612.3 billion yuan.

The General Administration of Customs added that the nation’s monthly foreign trade surplus dropped by 43.3 percent year-on-year to 209.5 billion yuan in February.

The total value of foreign trade for the month of February dropped 15.7 percent year-on-year to 1.43 trillion yuan, according to Xinhua. February’s foreign trade surplus shrank by 43.3 percent year-on-year to 209.5 billion yuan, the media outlet added.

The Chinese economy grew by 6.9 percent in 2015, the slowest pace in 25 years. China’s Government has set the country’s 2016 growth target at between 6.5 percent and 7 percent, Premier Li Keqiang announced on Saturday.