According to statistics by Qingdao Customs, Qingdao’s imports and exports in the first two months of this year totaled RMB 125.8 bln, a year-on-year increase of 5.4%, 1.8 percentage points higher than the provincial growth rate, and representing 27.3% of Shandong Province’s total, up 0.5 percentage point. To be specific, exports amounted to RMB 73.05 bln, an increase of 8.9%; imports amounted to RMB 52.75 bln, an increase of 0.9%.

Imports and exports by foreign-invested enterprises amounted to RMB 25.34 bln, increasing by 23.3% year on year.

Imports and exports with the ASEAN, the EU and the USA maintain growth. In the first two months, imports and exports with the ASEAN, the EU, the USA and Japan amounted to RMB 17.97 bln, RMB 16.24 bln, RMB 14.64 bln and RMB 9.07 bln, a year-on-year increase of 1.4%, 25.2%,6.9% and 0.6%, respectively. Over the period, imports and exports with the countries and regions involved in the Belt and Road Initiative reached RMB 58.68 bln, representing 46.6% of the gross imports and exports, while the figure for other RCEP signatories was RMB 42.61 bln, a year-on-year increase of 1.1%.