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Qingdao imports and exports of mechanical and electrical products grow in June


Qingdao’s import-export volume of mechanical and electrical products continued to grow in June to 13.55 billion yuan ($2.03 billion), an increase of 12.3 percent year-on-year, according to the latest figures.

Individually, exports rose to 10.28 billion yuan, up 13.6 percent and imports to 3.27 billion yuan, up 8.3 percent.

Exports by State-owned and private enterprises in the period grew 35.1 percent and 18 percent, respectively.

June was also very profitable for some Qingdao’s biggest and most influential businesses, such as Offshore oil engineering (Qingdao) Co, whose export growth rose by 85.3 percent. Haier, Hisense and SEPCOⅢ Electric Power Construction Co, saw export growth of 66.1, 2.2, and 814.7 percent, respectively.

Exports to emerging markets were also on the increase, with exports to ASEAN up 5.1 percent, South Asia up 9.4 percent, Africa up 81.1 percent and Eastern Europe rising by a staggering 832.3 percent.

In traditional markets, exports to Hong Kong and South Korea increased by 30 percent and 4.6 percent, respectively. However, exports to North America, the European Union and Japan all fell. Exports to the US feel by 11.1 percent, to the EU fell by 14.6 percent and to those to Japan fell by 6.1 percent.

Exports of metal ware, machinery and facilities, apparatuses, electric appliances and electronic products all increased.

Imports of high-tech products in areas of life sciences and biotechnology, computer and communication technology grew 93.6 percent and 41.5 percent, respectively.
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