Data: Linyi FTZ’s imports and exports rise 808 pct in Q1

Linyi, April 19 (Linyi China) -- Imports and exports volume of Linyi Trade Zone is estimated to hit record highs of 390 million dollars in first-quarter, an increase of 808 percent year-on-year, according to figures published by Linyi Free Trade Zone on Wednesday.

Monthly, foreign trade volume achieved jointly by 160 corporations at Linyi Free Trade Zone surpassed 100 million dollars both in imports and exports, providing a driving growth for the development of Linyi’s foreign trade.

For the rapidly increasing trade volume achieved by companies at Linyi Free Trade Zone over the first quarter, there were 7 companies whose imports and exports volume exceed 10 million dollars and 44 exceed 1 million dollars. In particular, foreign trade volume of Shandong Daoyu International Trade Company reached 15.3 million dollars with debut-month volume of 5.87 million dollars, and Linyi Baizhida International Trade Company achieved foreign trade volume of 6.67 million dollars in March.

 Focus on accelerating the transformation from old growth power to new ones, Linyi Free Trade Zone was working to develop integrated service corporations for foreign trade industry. Imports and exports amount of service companies is estimated to reach 121 million dollars, accounting for 31.99 percent of total foreign trade volume achieved by Linyi Free Trade Zone in first quarter.