Hubei’s imports and exports with Arab States reached 2.39 billion U.S. dollars from January to July this year, a year-on-year increase of 50.8 percent, according to data from the Department of Commerce of Hubei Province on September 21, 2023.
In terms of foreign trade, Hubei’s imports and exports with Arab States amounted to 3.32 billion U.S. dollars in 2022, growing by nearly 50 percent year on year. Out of total, the exports and imports increased more than 40 percent and 1.6 times to hit 2.97 billion U.S. dollars and 350 million U.S. dollars, respectively.
In 2022, Hubei’s actual investment to Arab States stood at 75 million U.S. dollars, with a year-on-year growth of more than 90 percent.
Hubei enterprises secured project contracts valued at 290 million U.S. dollars in Arab States in 2022, achieving a turnover of 380 million U.S. dollars. From January to July this year, they won new contracts totaling 1.19 billion U.S. dollars and recorded a turnover of 310 million U.S. dollars. (en.hubei.gov.cn by Yuan Pian and Ruan Xinqi)