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Xinjiang H1 foreign trade exceeds $10b, main partners in Central Asia

18 July 2013

The foreign trade of Northwest China's Xinjiang Uyghur Autonomous Region rose by 6.6 percent year-on-year in the first half of 2013, reaching $10.47 billion, local authorities said Thursday.
Statistics released by Urumqi Customs showed that Xinjiang exported $9.08 billion worth of goods in the first six months, up 24.6 percent from a year earlier, while imports stood at $1.39 billion, dropping 45.1 percent year-on-year.
Urumqi Customs said Central Asia remains the largest export destination for Xinjiang produce. Exports to Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan and Tajikistan stood at $7.09 billion, accoun­ting for 67.7 percent of the total foreign trade.
Exports to Southeast Asian countries' emerging markets, including Malaysia and Indonesia, saw a rising trend as well.
The volume of foreign trade with the US and Russia were $280 million and $220 million, down 35.2 and 34.7 percent, respectively.
Statistics also showed that private enterprises in Xinjiang have become the main force of the region's foreign trade. The foreign trade volume of these enterprises totaled $8.2 billion and accounted for 78 percent of the total foreign trade volume.
Urumqi Customs said the major exports from Xinjiang were labor-intensive products and mechanical and electrical goods, and major imported products included iron ore, crude oil, refined oil products and steel products.