Anhui's Foreign Trade up 8.9% in Jan-Oct

Updated:Dec 12,2019 15:54 PM www.cnanhui.org

Anhui’s foreign trade totaled $56.9 billion in the first ten months of 2019, up 8.9 percent from the same period a year ago, data from the provincial commerce watchdog showed.

The province ranked 13th in China and 2nd in the Central China region in terms of foreign trade volume in the Jan-Oct period, according to the Bureau of Commerce of Anhui Province.

Exports reached $33.3 billion, up 11.7 percent, while imports rose 5.3 percent year-on-year to $23.6 billion.

The province was the 14th biggest exporter and 13th biggest importer among 31 provincial regions on the Chinese mainland.

Anhui’s growth rate of foreign trade volume was 11.4 percentage points higher than the national average. Its export and import increases were 11.9 percentage points and 10.4 percentage points higher than the national average, respectively.

Exports of mechanical and electrical products reached $19.1 billion, a year-on-year increase of 10.0 percent. They contributed to 5.8 percentage points of the province’s export growth. High-tech exports rose 4.8 percent to $8.7 billion.

Imports of resources such as copper, iron, coal, rubber, lead and zinc totaled $7.7 billion, representing a year-on-year rise of 11.4 percent. Copper and iron imports stood at $5.3 billion and $1.8 billion, up 6.5 percent and 36.1 percent, respectively.

The province’s foreign trade with countries and regions involved in the Belt and Road Initiative reached $14.0 billion between January and October, up 12.7 percent. The increase was 3.8 percentage points higher than the provincial average. Singapore, Indonesia, Thailand, Russia and the Philippines were the province’s biggest trade partners during the period.