Hunan's Import and Export Volume Totals 12.8 Bln USD

In July, Hunan's import and export volume amounted to 2.14 billion USD, a year-on-year increase of 9% and a growth of 39.4% over June this year. The export volume reached 1.4 billion USD, a record high in the single month export volume of this year.

From January to July, the total export-import volume of Hunan reached 12.8 billion USD up 14% excluding exchange rate factors, 5.5 percentage points higher than the national average growth. As far as the foreign trade growth is concerned, the import and export of processing trade and areas under custom's special supervision increased rapidly, becoming the highlights of Hunan's foreign trade growth.

European Union (EU) and Hong Kong were Hunan's largest trading partners. In the past seven months, the bilateral trade volume with EU (28 countries) rose by 10.9% to 1.91 billion USD, while the trade volume with Hong Kong grew by 52.6% to 1.608 billion USD. Meanwhile, Hunan witnessed a growth of the import volume with mineral resources countries, such as South Africa, Australia and Brazil, while the import and export volume with ASEAN declined sharply.

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Translator: Yang Chengfei

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