Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Sept. 18 (Xinhua) — In the first eight months of this year, the total foreign trade volume of North China's Inner Mongolia Autonomous Region increased by 2.2 percent year-on-year to 138.18 billion yuan (approximately 19.43 billion U.S. dollars). Specifically, exports totaled 53.5 billion yuan, while imports totaled 84.68 billion yuan, the Neimenggu Ribao newspaper reported, citing local customs data.
From January to August this year, Inner Mongolia's total import and export volume in general trade amounted to 85.29 billion yuan, accounting for 61.7 percent of its total foreign trade, while its foreign trade turnover in processed trade reached 10.89 billion yuan, up 197 percent year-on-year.
Private enterprises continue to play a leading role in the development of Inner Mongolia's foreign trade. In the first eight months, their exports and imports increased by 4.2 percent year-on-year to reach 109.57 billion yuan, accounting for 79.3 percent of the region's total foreign trade.
In the first eight months, Inner Mongolia's top five export commodities were electromechanical products, agricultural products, basic organic chemicals, rolled steel, and labor-intensive products. Their combined export value amounted to 34.15 billion yuan, or 63.8 percent of the region's total export volume.
In January-August, Inner Mongolia imported 1.98 million tons of copper powder, a 49.3 percent increase compared to the same period last year. It also imported 45.42 million tons of coal (a 5.9 percent increase) and 9.9 million tons of iron ore (a 10.8 percent increase).
According to a senior official at the local customs statistics department, Inner Mongolia's foreign trade growth accelerated in the first eight months compared to the first half of this year. The region's authorities are actively exploring emerging markets and developing and strengthening dominant industries, resulting in local foreign trade demonstrating relatively high resilience and vitality, as well as overall growth. -0-
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