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Anhui's Foreign Trade with Belt and Road Countries Grows in H1

source:www.cnanhui.org release date:2018/08/08 hits:49

Anhui’s foreign trade with countries and regions involved in the China-proposed Belt and Road Initiative rose 5.3 percent year on year in the first half of 2018 (H1), according to the local customs.

The eastern Chinese province’s exports to Belt and Road countries reached 35.5 billion yuan ($5.2 billion) during the first six months, up 3.5 percent from the same period a year ago, while imports stood at 12.2 billion yuan, up 10.9 percent, statistics from Hefei Customs showed.

India, Vietnam and Malaysia were major trade partners of the province in H1. It posted a 2.6 percent year-on-year increase in foreign trade with India, hitting 6.1 billion yuan. Its foreign trade with Vietnam reached 4.6 billion yuan, down 9.6 percent year on year, and that with Malaysia amounted to 3.7 billion yuan, down 10.9 percent.

The province exported mechanical and electrical products worth 21.5 billion yuan to Belt and Road countries, accounting for roughly 60 percent of the total. Out of them, car exports reached 3.1 billion yuan, automatic data processing equipment exports 2.8 billion yuan, and solar cells 1.3 billion yuan. In addition, labor-intensive exports stood at 3.8 billion yuan.

Hi-tech imports increased versus resource and raw material imports. The province imported 3 billion-yuan hi-tech products in H1, representing a year-on-year rise of 8.2 percent, while its copper ore, tapioca chip and natural rubber imports shrank.