Hubei's foreign trade hits new high in 2024

Source: en.hubei.gov.cn   22/01/2025 09:03   

   Hubei's imports and exports represented a year-on-year growth of 9.6 percent to 705.84 billion yuan in 2024, 4.6 percentage points higher than the national averagelocal customs said on Monday.

  There were 9,570 foreign trade enterprises with import and export performance in the provinceover the period. The number of private enterprises accounted for more than 90percent, with the import and export volume hitting 487.4 billion yuan, contributing nearly 70 percent to the province's total foreign trade volume. 

  During the same periodHubeis exports of high-tech products increased by 19.8percenttaking up a 25.5-percent shareof the total exports. Imports of integrated circuits and consumer goods posted 30 billion yuan and 17.33 billion yuan,respectively. 

  In 2024, the provinces trade with countries involved in the Belt and Road Initiativetotaled376 billion yuan, while its trade with ASEAN and Latin America ascended by 38.7percent and 10.3percent, respectively.(en.hubei.gov.cn by Zhang Yawei