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15 July 2015

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Import & Export

According to the annual Statistical Communiqué on the National Economic and Social Development of Hunan Province, in 2025, the total import and export volume reached 541.41 billion CNY, down by 3.9 percent over the previous year. Of this, exports totaled 320.76 billion CNY, down by 4.1 percent, while imports amounted to 220.65 billion CNY, down by 3.6 percent. By trade type, exports from general trade were valued at 251.57 billion CNY, down by 7.8 percent, while those from processing trade reached 54.09 billion CNY, up by 21.1 percent. Among key export products, the export value of electromechanical products was 187.47 billion CNY, up by 2.0 percent, and that of high-tech products was 54.60 billion CNY, down by 4.4 percent. By export destination, goods exported to the United States were valued at 22.27 billion CNY, down by 29.2 percent; to Hong Kong, 45.59 billion CNY, down by 1.5 percent; to the European Union, 32.72 billion CNY, up by 0.4 percent; to ASEAN countries, 63.28 billion CNY, up by 5.5 percent; and to countries involved in the Belt and Road Initiative, 184.93 billion CNY, down by 2.1 percent.

The foreign direct investment actually utilized was 0.95 billion US dollars, down by 10.0 percent over the previous year. Of which, the amount used in the primary industry was 1 million US dollars, down by 73.8 percent; in the secondary industry, 0.39 billion US dollars, down by 43.5 percent; and in the tertiary industry, 0.56 billion US dollars, up by 52.6 percent. A total of 84 new Fortune Global 500 enterprise projects were introduced. A total of 1,371 domestic projects from outside the province, each with an investment of over 200 million CNY, were attracted.

The value of newly signed contracts for overseas contracted projects amounted to 3.90 billion US dollars, with a completed turnover of 3.33 billion US dollars. A total of 8,000 labor personnel of various types were dispatched abroad. The actual investment in outbound direct investment reached 3.29 billion US dollars, up by 38.2 percent over the previous year.

Chinese source: Hunan Provincial Statistics Bureau