Statistics released by the Xingsha Customs Authority on November 15 show that Changsha exported 19.54 billion yuan of construction machinery in the first 10 months of this year, a year-on-year increase of 56.1%. Additionally, exports of automobiles (including chassis) reached 9.44 billion yuan, up 73% year on year. Exports of the "new three" products, namely, lithium-ion batteries, solar cells, and electric manned vehicles, totaled 3.46 billion yuan, up 21.7%.

Between January and October this year, Changsha's total import and export volume amounted to 235.88 billion yuan. Of the total, general trade accounted for more than 80%. Processing trade and bonded logistics trade bucked the trend and registered growth. In the same period, the city's trade with Russia reached 10.2 billion yuan, an increase of 63.6%.

Private enterprises were the main contributor to foreign trade, and foreign trade by state-owned enterprises and foreign-invested enterprises grew steadily. In the first 10 months, imports and exports by private enterprises in Changsha came in at 193.6 billion yuan, accounting for 82.1% of the city's total. Exports of labor-intensive products stood at 23.58 billion yuan, falling by 58% year on year.

Imports of mechanical and electrical products maintained growth, and imports of bulk commodities surged. During the January-October period, Changsha's imports of mechanical and electrical products rose 10.8% year on year to 31.1 billion yuan, accounting for 40.6% of the total. Among them, imports of electronic components were 20.29 billion yuan, an increase of 17.2%. Meanwhile, Changsha imported 25.77 billion yuan of high-tech products and 2.66 billion yuan of aquatic products, up 8.9% and 19.8% year on year, respectively.

Source: en.changsha.gov.cn