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Home > Resources > News > Business > Biz_China
E. China province posts 15 percent growth in foreign trade
POSTED: 8:38 a.m. EDT, December 23,2006

East China's Fujian Province realized 56.5 billion U.S. dollars in foreign trade over the first 11 months, a growth of 14.9 percent from the year-earlier level.

Local customs sources said the total included 37 billion U.S. dollars in export value, up 18.2 percent, and 19 billion U.S. dollars in import value, up 9.1 percent.

Of the total, private sector made up 9.6 billion U.S. dollars, or 50.2 percent, up 2.9 billion U.S. dollars or 43.5 percent.

Between January and November, Fujian sold 9.1 billion U.S. dollars worth of goods to the traditional market, the United States, up 16.2 percent, and 7.1 billion U.S. dollars worth to the European Union, up 19.2 percent.

Meanwhile, the province's export to its new markets, including the Republic of Korea, India and Russia, grew rapidly in the 11-month period, the sources added.

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