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15 July 2015

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Hunan Foreign Trade Volume Up 50% in First Two Months

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Changsha Customs announced that, during January and February, Hunan foreign trade volume totaled 37.79 billion CNY, an increase of 51.1% over the same period of last year. Trade volume with Hong Kong dropped slightly. ASEAN countries and EU trade has grown rapidly. Mechanical, electrical, and high-tech products remain the main import and export products.

Hunan’s trade volume with Hong Kong was 4.47 billion CNY for the period, a 2.6% decrease. US trade increased 84.6% to 4.21 billion CNY. Japan’s was 1.99 billion CNY, a 43.8% increase. Hunan trade with the 10 ASEAN countries was 4.89 billion CNY, up 110%. Bilateral trade volume between the EU [28 countries] and Hunan was 5.04 billion CNY, a 96.2% increase.

Hunan exported 10.25 billion CNY in mechanical and electrical products between January and February, a 44.9% increase which accounts for more than 40% of provincial total exports. Export high-tech products grew 25.5% to 3.06 billion CNY. Traditional labor-intensive products was 5.03 billion CNY.

Electromechanical product imports remained the main import commodities accounting for more than 40% of all import value. High-tech product imports increased by 82.5%.

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Translator: Yu Jiangjiang

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