The Hunan's processing trade grew. Its total import and export value was 7.59 billion yuan for the first two months—a 52.9% increase over last year. General trade was 41% higher than last year.
Hunan and major trading partners bilateral trade rose in various sectors. The greatest increase in imports and exports were with Australia and Hong Kong, up 93.7% and 78.2%. Bilateral trade between the EU and ASEAN countries has maintained a growth rate of 15%.
Mechanical and electrical products and high-tech products continued to take the lead in the province's foreign trade. From January to February, electromechanical products exports increased by 50.7%, accounting for 46.1% of the total export value of the province. Import growth was 77.9%, making up 39.9% of the province's total imports over the same period. High-tech products export increased by 95%, and accounted for 16.1% of the total provincial export value. This high-tech products import growth was 3%, accounting for 17.4% of all provincial imports for the same period.
Please refer to www.enghunan.gov.cn when using the article.
Translator: Yu Jiangjiang
Chinese source: hunan.gov.cn