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Zhongshan's import and export value 'expected to reach historical high' this year
Updated: 2017-12-22    Source: Zhongshan Daily Large Medium Small Print

According to Zhongshan Customs, from January to November this year, Zhongshan’s total value of import and export reached 239.83 billion yuan, with double digits growth year on year. Specifically, the total value of export was 191.98 billion yuan, and that of import was 47.86 billion yuan. The growth rates of import and export were both higher than the provincial average. The total value of import and export for this year is expected to hit Zhongshan’s new high. 

The statistics of Zhongshan Customs show that the growth of Zhongshan’s import and export to the countries along “The Belt and Road” have been increasing steadily. The import and export volumes to India, Russia, Saudi Arabia and United Arab Emirates have increased 40.6%, 47.5%, 74.3% and 43.3% respectively. The exported goods from Zhongshan are mainly mechanical and electrical products. The export of traditional labor-intensive products is growing rapidly. 

From January to November, mechanical and electrical products exported from Zhongshan was 130.22 billion yuan worth, up by 22.8% and accounting for 67.8% of Zhongshan's total export value. Exported traditional labor-intensive products (including furniture, toys, bags, shoes, plastic products, textiles and clothes) was 41.51 billion worth, up by 32.7%.

However, Zhongshan sees rapid growth in foreign trade in the first half of the year, but a slowdown in the second half. Import and export still maintain double-digit growth each month.

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