Shandong reports 26-percent rise in trade with US

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Last updated at: (Beijing Time) Wednesday, December 03, 2003

Shandong reports 26-percent rise in trade with US

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East China's Shandong Province conducted 5.12 billion US dollars of trade with the United States from January to October this year, up 26.4 percent year-on-year, according to the Customs in the coastal city of Qingdao.

The volume accounted for 14.4 percent of Shandong's foreign trade during the 10 months, making the United States the third largest trade partner with Shandong, said the Customs.

The 10-month volume included 1.46 billion dollars of imports from the United States, up 46.8 percent year-on-year, and some 3.65 billion dollars of exports from Shandong to the United States, up 19.7 percent.

Shandong had a trade surplus of 2.19 billion dollars, 67.6 percent of which was attributed to foreign-funded enterprises in Shandong.

Local imports of farm produce from the United States reached 640 million dollars during the 10 months, 3.1 times the figure a year ago, while imports of electronics and machinery as well as hi-tech products dropped by 20 percent and 30 percent, respectively, to 360 million dollars and 180 million dollars.

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