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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, Oct. 17 (Xinhua) — East China's Shandong Province's trade with countries participating in the Belt and Road Initiative grew 9.2 percent year-on-year to 1.68 trillion yuan (about 236.6 billion U.S. dollars) in the first three quarters of 2025, accounting for 64.2 percent of the province's total foreign trade during the same period, local media reported, citing a source at a press conference held Thursday by the Shandong Provincial People's Government Information Office.
In particular, exports amounted to 917.35 billion yuan, an increase of 10.1 percent year-on-year, and imports amounted to 762.33 billion yuan, an increase of 8.2 percent.
During the reporting period, Shandong Province recorded an increase in trade turnover with 128 Belt and Road countries, 34 more than in the same period last year, with 109 of these countries experiencing double-digit growth. In particular, the province's trade turnover with Central Asian countries grew by 53.5 percent.
It is reported that from January to September of this year, Shandong Province imported 16 categories of consumer goods from Belt and Road countries worth a total of 544.19 billion yuan, an 8.9 percent increase compared to the same period last year. These goods accounted for 71.4 percent of the province's total imports from these countries. Furthermore, Shandong Province's exports of electromechanical products to these countries increased by 15.1 percent during the same period, while high-tech exports also increased by 15.1 percent.
Yuan Tao, an official with Qingdao Customs, noted that Shandong Province's import and export volume with Belt and Road countries has grown from less than 850 billion yuan in 2013 to 2.1 trillion yuan in 2024. However, thanks to the continuous expansion of areas and the constant improvement of the level of potential and cooperation, this figure is expected to reach a new record this year. -0-
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