Imports of commodities rose with soyabean purchases rising 14.2 per cent, coal rising 33.1 per cent and iron ore up 1.5 per cent.
The contraction in trade was mainly due to the virus outbreak and the lunar new year holiday, China's customs administration said in a statement on its website on Saturday.
China's trade data in January and February are normally volatile due to seasonal distortions caused by the long lunar new year holiday when businesses shut down and factory production and port operations are disrupted.
But the coronavirus outbreak has exacerbated the negative economic impact. The country has imposed draconian quarantine measures and travel restrictions across large swaths of the country.
China's dismal trade figures come after manufacturing activity plunged to a record low, indicating a massive contraction in manufacturing and service sector activity last month.
More than 80 per cent of 2,552 foreign trading companies in China have returned to work, according to a survey by China's customs administration released on Saturday. However, less than a third of small and medium-sized businesses, which employ almost 80 per cent of China's labour force, are operating normally, the Ministry of Industry and Information Technology said last week.
This is the first time that China has combined the release of January and February trade data, bringing it into line with how some other major Chinese economic indicators are released early in the year. The move is intended to smooth out seasonal variations.
- Additional reporting by Don Weinland.
Written by: Sue-Lin Wong
© Financial Times