Qingdao's foreign trade up 8.4% in Jan-May
China DailyUploaded containers are seen at Qingdao Port in Shandong province on Jan 9, 2023. The eastern coastal city of Qingdao, Shandong province saw its foreign trade increase by 8.4 percent year-on-year to 366.22 billion yuan in the first five months of this year, according to Qingdao Customs. Over this period, Qingdao's general trade imports and exports reached 236.37 billion yuan, accounting for 64.5 percent of the city's total. In the first five months, the foreign trade volume of local private enterprises grew by 17.4 percent to 264.83 billion yuan, accounting for 72.3 percent of the city's total. The Association of Southeast Asian Nations, the United States and the European Union were the city's top three trading markets during this period, with trade volume hitting 67.91 billion yuan, 40.68 billion yuan, and 38.93 billion yuan, up 24.4 percent, 0.5 percent and 4.7 percent, respectively.