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In Anhui

Anhui Ranks 7th in China by Foreign Trade Growth

Anhui’s foreign trade totaled 308.7 billion yuan ($43.6 billion) in the first eight months of 2019, equivalent to that in 2014 and up 15.3 percent from a year ago, customs data showed.

The eastern Chinese province ranked 7th in the country, with its growth rate 11.7 percentage points higher than the national average, according to Hefei Customs.

Exports reached 180.3 billion yuan, up 18.9 percent, while imports rose 10.6 percent year-on-year to 128.4 billion yuan.

Between January and August, exports of mechanical and electrical products reached 102.4 billion yuan, an increase of 16.5 percent. High-tech exports rose 12.6 percent to 46.7 billion yuan, while labor-intensive exports grew 24.9 percent to 30.9 billion yuan.

Mechanical and electrical imports edged up 5.1 percent to 46.5 billion yuan. Copper and iron imports stood at 29.9 billion yuan and 9.4 billion yuan, up 15.3 percent and 48.6 percent, respectively. Agricultural imports climbed 24.4 percent to 15.8 billion yuan. Consumer goods imports reached 8.5 billion yuan, representing an increase of 49.6 percent.

The province’s foreign trade with countries and regions involved in the Belt and Road Initiative reached 75.0 billion yuan in the Jan-Aug period, up 17.6 percent. The increase was 2.3 percentage points higher than the provincial total.

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