Hunan’s total foreign trade volume to the United States amounted to 20.38 billion yuan in the first eleven months, down 1.5% year on year. And exports reached 14.62 billion yuan, an increase of 13.1%, according to the data released by Changsha Customs on Dec. 18, 2016.
Hunan’s exported goods to the United States were mainly electromechanical and traditional labor-intensive goods. Imports of transportation products showed a huge increase. In the past eleven months, Hunan’s mechanical and electrical products exported to the United States amounted to 5 billion yuan, an increase of 16.2%, accounting for 34.2% of the province's total exports to the country. As for the commodity kind, exported electrical and electronic products reached 2.37 billion yuan, an increase of 60.1%; exported footwear 1.79 billion yuan, up 11.8%; and exported textile and garments 1.7 billion, an increase of 53%.
At present, Hunan's trade in services is mainly concentrated in traditional export services such as travel, construction, and transportation, while the proportion of export relating to new service industry that is based on information technology and the high value-added technology-intensive services including advertising and film is relatively low. The Customs suggested to further ease the burden of import and export enterprises, effectively support the development and expansion of SMEs, welcome service enterprises to participate in investment, construction, and management of foreign economic and trade cooperation zone, and actively build cross-border industrial chain, to promote the export of domestic labor, service, and technology.
Please refer to www.enghunan.gov.cn when using the article.
Translator: Yu Jiangjiang
Chinese source: hunan.gov.cn