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15 July 2015

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Hunan Foreign Trade Volume Growth Rate Ranks Second Nationwide

2017-12-13 Download Print

According to Changsha Customs statistics, Hunan province’s total import and export value reached 216.18 billion CNY between January and November. This is an increase of 49.2% over the same period last year and rank Hunan second in the nation. Among the exports were 139.28 billion CNY, up 45.6% year-on-year. Imports of 76.9 billion CNY, grew at a 56.2% rate. Exported machinery and electronic products accounted for nearly 50% of the total export value. Hi-tech product exports increased by 70%.

Hunan Province’s total foreign trade was 26.81 billion CNY in November alone. This is a year-on-year growth of 30.9%. Exports accounted for 17.14 billion CNY, up 25.9%. Imports accounted for 9.67 billion CNY, up 40.9%.

Hong Kong is Hunan’s most important import and export partner. In the past eleven months, bilateral trade volume between them was 34.17 billion CNY. This is 44% more than the same period last year. United States trade was 26.96 billion CNY, up 33.9%. Japanese trade was 11.97 billion CNY , an increase of 60.8%. Hunan's trade volume with ASEAN, 10 countries, increased by 55.2%. EU, 28 countries, increased by 48.6%.

Machinery and electronic products were the major export commodities. Hi-tech products also had rapid growth. Between January and November of this year, 65.82 billion CNY worth of Hunan machinery and electronic products were exported. This is an increase of 56.9% and accounts for 47.3% of total provincial export value. Exported high-tech products reached 20.12 billion CNY which is up 74.3% year-on-year.

Imported machinery and electronic products remained a big hit. Resource-based commodities also surged. In the past eleven months, machinery and electronic imports were 34.96 billion CNY, up 59.6% and accounted for 45.5% of the total provincial import value. Imported high-tech products were 13.09 billion CNY, a year-on-year growth of 79.8%. Iron ore and concentrate imports grew 57.6%. Integrated circuits imports grew 230%.

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Translator: Yu Jiangjiang

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