Shandong witnesses booming foreign trade in past decade
2 years, 2 months ago

Shandong witnesses booming foreign trade in past decade

China Daily  

A US cargo ship docks at the Qingdao Port, Shandong province. According to Qingdao customs, from 2012 to 2021, the overall scale of foreign trade in Shandong grew steadily, with cumulative import and export volumes hitting 18.9 trillion yuan, an increase of 124.6 percent over the figure of the 2002-11 period. Shandong's foreign trade value increased from 1.55 trillion yuan in 2012 to 2.93 trillion yuan in 2021, an increase of 89 percent at an average annual growth rate of 6.7 percent. The proportion of Shandong's foreign trade in the national total increased from 6.3 percent in 2012 to 7.5 percent in 2021. In 2021, its trade with countries involved in the Belt and Road Initiative reached 939.1 billion yuan, up 41 percent year-on-year and accounting for 32 percent of the province's total foreign trade.

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