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Economy

China's Hebei sees continuous trade growth with B&R countries in Jan.-Sept.

October 26, 2018


Abstract : Foreign trade of China's Hebei Province with Belt and Road countries amounted to 77.43 billion yuan from January to September, up 5.6 percent year on year.

河北雄安新区

BEIJING, Oct. 26 (Xinhua) -- Foreign trade of China's Hebei Province with countries along the Belt and Road amounted to 77.43 billion yuan (11.13 billion U.S. dollars) from January to September, up 5.6 percent year on year, representing 29.8 percent of the province’s total foreign trade, according to statistics released by Shijiazhuang Customs.

During the time period, the province's general trade with B&R countries was 71.39 billion yuan (10.26 billion U.S. dollars), accounting for 92.2 percent of the total trade with them, and the volume of exported goods on contracted projects was 940 million yuan, increase by 1.4 times on year.

The province's trade with Russia totaled 15.34 billion yuan (2.21 billion U.S. dollars), ranking first in volume among the countries, and its trade with the United Arab Emirates increased 35.7 percent to 5.86 billion yuan.

Private enterprises were active in trade with B&R countries, accounting for 74.1 percent of the total. The contribution of foreign-invested enterprises was 9.37 billion yuan, up 4.2 percent year on year, while that of state-owned enterprises reached 10.67 billion yuan, up 7.6 percent.

Mechanical and electrical products were the main export commodities, with a volume of 15.23 billion yuan, up 28.8 percent year on year. The export of high-tech products (intersected with mechanical and electrical products) grew strongly, increasing by a significant rate of 88.1 percent, and pharmaceutical exports reached 2.03 billion yuan, up 21.3 percent.

Imports were mainly composed of crude oil, agricultural products, iron ore, coal, and plastics in primary shapes. Among them, the value of imported crude oil from B&R countries was 3.12 billion yuan, up 98.8 percent, while that of imported iron ore and its concentrates reached 1.13 billion yuan, down 35.5 percent. (Edited by Li Wenxin, Yang Qi, liwenxin@xinhua.org)

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Keyword: Belt-and-road foreign-trade Hebei-province

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