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Hunan's foreign trade tops US$38.04 bln in 2017

​By Zhang Junmian
​China.org.cn, 01 25, 2018
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Hunan's import and export volume topped 243.43 billion yuan (US$38.04 billion) in 2017, a 39.8 percent increase from 2016, according to a press conference held by the Changsha Customs District on Jan. 17.

In terms of trade growth, Hunan ranked 4th among 31 Chinese provincial-level regions.

Of this figure, exports rose 33.3 percent year on year to 156.55 billion yuan (US$24.46 billion), while imports jumped 53.3 percent to 86.88 billion yuan (US$13.58 billion). 

General trade grew by 34.7 percent to reach 169.71 billion yuan (US$26.52 billion) last year, accounting for 69.7 percent of the province's total trade volume. Processing trade expanded 52.3 percent to 70.08 billion yuan (US$10.95 billion).

Exports were dominated by electromechanical and high-tech products. Exports of electromechanical products increased by 37.9 percent to 73.55 billion yuan (US$11.49 billion), accounting for 47 percent of the province's total exports. Exports of high-tech products surged by 44.7 percent to 22.68 billion yuan (US$3.54 billion), taking up 14.5 percent of the total.

Imports of electromechanical products, mainly electrical and electronic products, grew by 51.1 percent to 39.03 billion yuan (US$6.1 billion), accounting for 44.9 percent of the total imports.

Hong Kong continued to be Hunan's major trading partner in 2017. Hunan's trade volume with Hong Kong hit 38.33 billion yuan (US$6 billion), up 27.4 percent. Its trade with the United States, the EU and the ASEAN countries were 29.28 billion yuan (US$4.58 billion), 30.86 billion yuan (US$4.82 billion) and 27.18 billion yuan (US$4.25 billion), up 23.2 percent, 38.3 percent and 50 percent, respectively.

Private enterprises served as major players in the province's foreign trade in 2017, with imports and exports amounting to 154.61 billion yuan (US$24.16 billion), up 47.3 percent, accounting for 63.5 percent of the province's total trade volume. 


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