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Shandong’s foreign trade to countries along B&R sees big growth

2018/11/14 16:38:14   source:sdchina.com

According to the news conference held yesterday, Shandong’s imports and exports to countries along the Belt and Road reached 413.48 billion yuan in the first ten months, up 3% from the same period last year.

Shi Guowang, deputy chief of Jinan Customs, said that the export volume of Shandong in the first ten months reached 228.91 billion yuan with an increase of 4.6% while the import volume reached 184.57 billion yuan, a growth of 3% over the same period last year.

In October, Shandong's imports and exports to countries along the "Belt and Road" were 46.31 billion yuan, up 32.7 percent, including 23.06 billion yuan in exports, up 12.3 percent, and 23.25 billion yuan in imports, up 61.9 percent.

Specifically, the foreign trade value of Shandong in general trade mode to countries along the “Belt and Road” reached 297.83 billion yuan, rising 11.4 percent and accounting for 72 percent of the total that value in the same period. The foreign trade value from private enterprises to countries along the “Belt and Road” reached 293.9 billion yuan, a growth of 5.6 percent, accounting for 71.1 percent of the total value. The main markets of Shandong’s foreign trade are ASEAN, Russia and India. The total foreign trade value to these three countries and regions accounts for 64.9 percent in total of Shandong’s total value of foreign trade. Electrical products, traditional labor-intensive products, steel and agricultural products are the main export commodities. Crude oil, mechanical and electrical products and agricultural products are the main import commodities.

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