Home / Knowledge / News / Textiles / Shandong processing trade surges this year

Shandong processing trade surges this year

22
Jun '07
The processing trade of Shandong Province reached US $18.99 billion from January to May this year, an increase of 18.4 percent, accounting for 42.8 percent of the total import and export value of the province.

Exports broke through $10 billion to $12.2 billion, with a rise of 23.1 percent, accounting for 45.1 percent of province's total exports. Imports reached $6.8 billion, a surge of 10.9 percent, accounting for 39.2 percent of Shandong's overall imports.

By the nature of enterprises, foreign-invested groups exported $8.99 billion, a growth of 26.5 percent, accounting for 73.7 percent of the entire exports. Collective organizations exported $1.38 billion, an increase of 12.9 percent, accounting for 12.9 percent of the total exports.

State-owned enterprises exported $1.02 billion, down 1.1 percent, accounting for 8.4 percent of the total exports. Private companies exported $810 million, an increase of 47.8 percent, accounting for 6.6 percent of the total exports.

By commodity categories, mechanical and electronic product exports reached $5.37 billion, a boost of 36.4 percent, accounting for 44 percent of the whole exports. Textile and garment exports scored $2.32 billion, an increase of 14.1 percent, accounting for 19 percent of the total exports.

High-tech product exports amounted to $2 billion, a rise of 3.2 percent, accounting for 16.4 percent of the total exports. Agricultural product exports marked $1.24 billion, showing growth of 18.6 percent, accounting for 10.1 percent of entire exports.

By principal markets, exports to US stood for $2.72 billion, presenting a rise of 12.8 percent. Exports the EU scored $2.22 billion, an increase of 41.1 percent, in South Korea it touched $2.05 billion, giving a growth of 19.5 percent, and Japan amounted to $1.77 billion, presenting a growth of 9.1 percent. Hong Kong marked $630 million, a drop of 3.7 percent.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Sep 2021

China's infrastructure plan to spur domestic demand, economic change

China’s State Council's executive meeting recently adopted the 14th...

Pic: Shutterstock

Apparel/Garments | On 27th Sep 2021

AAFA calls for tariff relief as US industry deals with shipping crisis

American Apparel & Footwear Association president and CEO Steve Lamar ...

Pic: Shutterstock

Textiles | On 27th Sep 2021

Bangladesh seeks duty-free market access to US

Bangladesh recently urged the US to provide duty-free access to its...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search