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15 July 2015

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Hunan Rail Transit Equipment Export Surged 130% in First Three Quarters

2018-10-30 Download Print Comment

Hunan exported rail transit equipment valued at 1.93 billion CNY in the first three quarters of this year, an increase of 130% over the same period of last year. Export to “Belt and Road” route countries grew by 250%. These statistics were announced by Changsha Customs on October 28, 2018.

 

Hunan rail transit enterprises have excellent quality and a competitive price. They have gradually reached scale effects in “Belt and Road” route countries, thanks to the “Belt and Road” initiative promotion. The main rail transit equipment export enterprises in Hunan have always regarded Malaysia, Turkey, Germany, and other countries and regions as key markets. The enterprises have established overseas assembly subsidiaries in countries such as Malaysia. Exports to Turkey were 770 million CNY, an increase of 87.5%; and that to Malaysia was 720 million CNY.

 

Hunan’s total rail transit equipment export volume continued to grow. Some parts and components export declined. The main products of rail transit equipment in our Hunan, have, for a long time, been vehicle equipment. Between January and September 2018, Hunan mainly exported two major types of export vehicle equipment: external power supplied passenger, cargo, and open wagon railway and tramway trains; and, battery-driven railway electric locomotives. The former was up by 270% to 1.47 billion CNY. The latter was up 71.13 million CNY, an increase of 1650%.

 

This article is from Hunan Provincial Government. www.enghunan.gov.cn.

Translator: Yu Jiangjiang

Chinese source: hunan.gov.cn