Despite the upbeat mood in the foreign trade sector, the MOFCOM report warned of uncertainties in 2010, citing the bumpy economic recovery road facing some countries.

MOFCOM said the foundation of economic recovery is weak as an economic rebound without a pickup in employment is unsustainable. In February, the euro-zone unemployment rate rose to 10 percent, the highest since August 1998. The U.S. factory utilization rate, also known as capacity utilization, was 72.7 percent, 8 percentage points lower than the average level over the last 30 years.

In the meantime, the sovereign debt risk looms large with more countries joining the team. Fiscal deficits of major economies are ballooning and sending ripple effects to regions vulnerable to risks. Developed countries are calling for a financial overhaul that was largely absent before the crisis.

Also unsettling is escalating protectionism in the wake of the financial crisis. In the first quarter this year, China incurred 19 trade remedy investigations involving $1.19 billion, rising 93.5 percent from a year earlier. Technological barriers relating to low-carbon economy have also been on the rise.

MOFCOM also said rising manufacturing costs pose a daunting challenge to domestic exporters as the high prices of commodities in the international market, expensive domestic raw materials, and the rising cost of labor exacerbate conditions for exporters. Furthermore, the frequent fluctuation of major currencies increases the exchange risks for exporters.

And while China tries to boost imports, it still faces many barriers. Under the conditions of excess liquidity and inflation expectations, the high commodity prices will to some extent constrain imports, said the MOFCOM. The unreasonable export restriction measures imposed on China by developed countries like the United States and the EU have directly suppressed domestic companies' imports, which will do nothing to improve bilateral trade between China and those countries.

MOFCOM urged developed countries to lift unreasonable exporting barriers and vowed to encourage domestic companies to import more. At the same time, MOFCOM encouraged domestic companies to explore emerging markets instead of focusing on traditional exporting targets.