中文 | English | Français
 
 

Foreign trade gets off to good start

​By Zhang Junmian
​China.org.cn, 04 19, 2018
Adjust font size:

Hunan's foreign trade got off to a good start with a steady growth this year, according to the provincial department of commerce, rednet.cn reports. 

The province's import and export volume topped US$5.77 billion in the first two months of 2018, a 59.3 percent increase year on year. The figure is 42.6 percentage points higher than the national average.

Exports were US$3.61 billion, up 62.7 percent, while imports were US$2.17 billion, up 54 percent.

Trade in February was US$2.67 billion, up 67 percent. Of this sum, US$1.67 billion were contributed by exports, up 91.1 percent, and US$1 billion came from imports, up 38 percent.

During the January-February period, Hunan's foreign trade structure has been further optimized. General trade registered US$4.33 billion, up 74.4 percent, accounting for 74.95 percent of the province's total foreign trade. Processing trade reported US$1.34 billion, up 22 percent, accounting for 23.25 percent of the provincial total.

Private companies reported US$3.72 billion in foreign trade, up 94.2 percent, accounting for 64.46 percent of the provincial total, while the State-owned enterprises scored US$791 million, up 12.5 percent, accounting for 13.69 percent.

Hunan's trade with Hong Kong hit US$683 million, up 2.8 percent. Its trade with the United States, the EU, the ASEAN countries and Japan were US$642 million, US$772 million, US$746 million, and US$304 million, up 94.5 percent, 107.2 percent, 118.2 percent and 51.5 percent, respectively.

Its trade with countries along the Belt and Road Initiative was US$1.58 billion, up 95.1 percent.

Exports of traditional commodities and electronic products surged, while imports of resource products and key components continued to rise. 


Follow Hunan on Twitter and Facebook to join the conversation.