Provincial import & export value reached 1.76 trillion yuan in first 10 months

According to customs statistics, in the first 10 months of this year, the total foreign trade import & export value of Shandong province was 1.76 trillion yuan, an increase of 5.8% over the same period last year, ranking 6th in China. Its export value was 1.02 trillion yuan, an increase of 13.3%; its import value was 742.38 billion yuan, a decrease of 3.1%. During the same period, the national import & export value and export value increased by 1.1% and 2.4% respectively, while the import value fell by 0.5%. In general, Shandong's imports & exports and exports outperform national average.

In October, Shandong’s import & export value amounted to 206.82 billion yuan, the second highest in history, a year-on-year increase of 19.2% and a month-on-month decrease of 5.9%. It has passed the 200 billion yuan mark again after September this year, when it reached its record high. Its export value was 128.41 billion yuan, a year-on-year increase of 43.6%, the second highest in history; its import value was 78.41 billion yuan, a year-on-year decrease of 6.7%.