The Changsha Customs Authority announced on October 29 that Hunan's rail transit equipment exports in the first three quarters reached 1.25 billion CNY, up 21.9% year on year.

State-owned enterprises (SOEs) played a stronger leading role. In the first three quarters, SOEs exported 1.02 billion CNY of rail transit equipment, increasing by 47.7% and accounting for 82.1% of the provincial total. CRRC Zhuzhou Locomotive Co., Ltd. and Zhuzhou Times New Material Technology Co., Ltd. together contributed more than 70% of the total. Private enterprises exported 180 million CNY, and foreign-invested enterprises exported 38.263 million CNY. Zhuzhou's rail transit equipment exports reached 1.18 billion CNY, up 27.9%, accounting for 94.4% of the province's total rail transit equipment exports during the same period. Changsha's rail transit equipment exports amounted to 35.475 million CNY, while Xiangtan's figure reached 14.914 million CNY.

The Belt and Road market has shown strong momentum. In the first three quarters, Hunan exported 750 million CNY of rail transit equipment to countries involved in the Belt and Road Initiative, up 82.3% year on year, accounting for 60% of the province's total rail transit equipment exports. Uzbekistan, Germany, and Hong Kong, China were the top three export markets, with exports to them reaching 450 million CNY, 150 million CNY, and 77.756 million CNY, respectively. In the same period, exports to the EU reached 330 million CNY, up 22.1%, and those to ASEAN totaled 33.953 million CNY.

The structure of export channels is undergoing accelerated adjustment, with rail transport becoming an important source of growth. In the first three quarters, Hunan exported 400 million CNY by rail, increasing by 9.9 times.

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