Commodity import levels down in Jan

Iron ore, coal, crude oil, refined oil all record significant price declines in global markets

Commodity imports fell sharpy last month compared with January 2014, a direct result of the economic slowdown, said experts.

Prices of raw materials such as iron ore, coal, crude oil and refined oil have been hitting record low prices on the global market, but import volumes into China, the world's second-largest economy, reported a major plunge in January.