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China's Inner Mongolia sees robust export growth in Q1

Updated: Jul 20, 2022 chinadaily.com.cn Print
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Railway workers from China and Russia exchange documents sealed in disinfected bags in Manzhouli, Inner Mongolia autonomous region, in October, 2021. [Photo/China Daily]

North China's Inner Mongolia autonomous region saw its exports grow 20.9 percent year-on-year in the first quarter (Q1) of the year, according to the local customs.

The region's foreign trade totaled 29.8 billion yuan ($4.6 billion) in Q1, of which the export value reached 13.1 billion yuan, according to the customs of Hohhot, the regional capital.

During the period, the region's imports and exports of processing trade surged 146.8 percent year-on-year hitting 2.3 billion yuan. The region's foreign-invested enterprises also saw fast growth in foreign trade, increasing by 53.2 percent year-on-year in Q1.

Its major export products maintained strong growth momentum, as the exports of mechanical and electrical products, agricultural products and basic organic chemicals grew 56 percent, 15.6 percent and 33.3 percent respectively in the period.

The imports and exports between the region and the Regional Comprehensive Economic Partnership (RCEP) countries stood at 9 billion yuan, up 9.3 percent year-on-year, the customs said.

 

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