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Import & Export
Hunan has achieved remarkable results in developing itself into a hub of reform and opening up in inland regions. Hunan's import and export volume hit 500, 600, and 700 billion yuan respectively in the past three years. Hunan's international economic and trade "circle of friends" has expanded to 231 countries and regions.
With the China-Africa Economic and Trade Expo as a landmark project to promote innovative development, Hunan has achieved a 31.6% annual growth rate of trade with Africa in the past three years, ranking first in central and western China. Hunan has been one of China's most active provinces in carrying out economic and trade cooperation with Africa.
Five international trade channels involving air freight, China-Europe Railway Express, river-sea intermodal transport, rail-sea intermodal transport, and ASEAN freight transport have been built, enabling Hunan products to go global. Now 160 Chinese and foreign cities can be reached within four hours from the Changsha Huanghua International Airport. And a China-Europe freight train loaded with goods can reach Minsk in 12 days.
Updated in April 2024
Five international trade channels involving air freight, China-Europe Railway Express, river-sea intermodal transport, rail-sea intermodal transport, and ASEAN freight transport have been built, enabling Hunan products to go global. Now 160 Chinese and foreign cities can be reached within four hours from the Changsha Huanghua International Airport. And a China-Europe freight train loaded with goods can reach Minsk in 12 days.
According to the annual statistical communiqué, Hunan's total import and export value reached 617.5 billion CNY in 2023, shrinking 12.1% over the previous year. The export value decreased by 21.9% to 400.94 billion CNY, and the import value rose 14.6% to 216.56 billion CNY. In terms of trading types, the exports of general trade declined 23.3% to 346.54 billion CNY, and the figure of processing trade increased by 5.1% to 40.53 billion CNY. Among the key exported commodities, the exports of mechanical and electrical products descended 8.9% to 191.89 billion CNY, and that of high-tech products shrank 0.4% to 55.27 billion CNY. Regionally, the exports to the U.S.A were down 37.9% to 44.97 billion CNY; that to Hong Kong SAR grew 3.1% to 53.68 billion CNY; that to EU decreased 29.4% to 35.55 billion CNY; that to ASEAN declined 34.2% to 76.18 billion CNY; and, that to the Belt and Road countries cut 18.7% to 218.18 billion CNY.
Chinese source: hunan.gov.cn, Hunan Statistics Bureau