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Hunan Foreign Trade Up 25.3% in First 10 Months

Updated: 2018-11-19

Between January and October 2018, Hunan’s imports and exports totaled 236.76 billion yuan, increasing by 25.3% year on year, according to the Customs data. The trade with the ASEAN countries see a rapid growth, with mechanical and electrical products as main goods.

In the first ten months, Hunan’s exports amounted to 149.89 billion yuan, increasing by 23.3%; the imports 86.87 billion yuan, increasing by 29.1%. The foreign trade value in October reached 29.15 billion yuan, increasing by 27.3%. The fastest growth was seen in Hunan-ASEAN countries trade, with a trade value of 28.36 billion yuan, increasing by 44.3%.

Mechanical and electrical products were major exported goods. In the first ten months, Hunan exported these kinds of products of 65.32 billion yuan, an increase of 16.2%, and accounting for 43.6% of its total exports. The hi-tech product exports were 18.4 billion yuan, making up 12.3% of the total.

Mechanical and electrical products were major imported goods. In the first ten months, Hunan imported these products of 37.76 billion yuan, increasing by 27.1%, and accounting for 43.5% of its gross import value. The hi-tech product imports amounted to 20.47 billion yuan, increasing by 79.6%, accounting for 23.6% of the total.

Source: hunan.gov.cn