Foreign Trade Of Central China's Hunan Reaches Over 90 Bln USD
Faizan Hashmi Published January 19, 2022 | 06:09 PM
Central China's Hunan Province on Wednesday reported a robust 22.6-percent increase of foreign trade in 2021 to nearly 600 billion yuan (about 94.5 billion U.S. dollars)
CHANGSHA,, (APP - UrduPoint / Pakistan Point News - 19th Jan, 2022 ) :Central China's Hunan Province on Wednesday reported a robust 22.6-percent increase of foreign trade in 2021 to nearly 600 billion Yuan (about 94.5 billion U.S. Dollars).
In recent years, the scale of Hunan's foreign trade has been increasing year by year, with an average annual growth rate of 25.2 percent, ranking first in China, according to a press conference held by the customs of Changsha, capital of the province.
Statistics from the Changsha Customs showed that Hunan's exports grew 27.5 percent year on year to about 421.3 billion yuan last year. Its imports rose 12.3 percent to nearly 177.6 billion yuan.
The three major foreign trade partners for Hunan in 2021 were the Association of Southeast Asian Nations (ASEAN), the United States, and the European Union (EU), with the trade value recording 97.
7 billion yuan, 81.6 billion yuan and 61.8 billion yuan, respectively.
Meanwhile, Hunan's imports and exports to Latin America, Africa, RCEP members and countries along the Belt and Road had maintained a rapid growth trend.
In 2021, Hunan exported mechanical and electrical products worth 183.8 billion yuan, an increase of 23.1 percent, accounting for 43.6 percent of the province's total foreign trade value.
In terms of imports, the import of upstream manufacturing equipment required by Hunan's manufacturing industry, especially the integrated circuit industry, increased significantly. In addition, its agricultural imports reached about 28.6 billion yuan, up 14.3 percent.
Related Topics
Recent Stories
Digital transformation key priority for govt to improve tax collection: Aurangze ..
President-designate of COP29 for collective efforts to deal with climate change ..
Punjab Assembly Speaker suspends 27 members
World Migratory Bird Day being observed today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 11 May 2024
Today Gold Rate in Pakistan 11 May 2024
Taxing cigarettes a way forward for public and economic health
3 Gawadar attack victims funeral offered
Mbappe says he will leave PSG at end of season
Usmani felicitates Sardar Saleem on taking oath as Punjab Governor
DC for provision of facilities to people in Lasbela
Solar storm could bring auroras, power and telecoms disruptions
More Stories From World
-
More than 200 dead in Afghanistan flash floods: UN
1 minute ago -
First 'extreme' solar storm in 20 years brings spectacular auroras
31 minutes ago -
Released opposition leader urges Indians to battle 'dictatorship'
31 minutes ago -
Nuggets, Pacers claw back in NBA conference semi-finals
51 minutes ago -
More than 200 dead in Afghanistan flash floods: UN
1 hour ago -
Hundreds evacuated from Ukraine border after Russian offensive
2 hours ago
-
China's Xi in Hungary to celebrate 'new era' with Orban
2 hours ago -
UN votes symbolically in favor of Palestinian membership
2 hours ago -
Golf: All-time list of major golf winners
3 hours ago -
First 'extreme' solar storm in 20 years brings spectacular auroras
3 hours ago -
Eurovision in Gaza's shadow as Israel competes in final
3 hours ago -
Early warning forecast systems to be deployed in Pakistan's northern mountainous areas
3 hours ago