Shandong foreign trade exceeds 2 trillion yuan for the first time

(| Updated : 2020-06-11

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Ships get ready for their voyages in the foreign trade container terminal of Qingdao port in Shandong province. [Photo by Yu Fangping/For China Daily]

The import and export value of Shandong province reached 2.04 trillion yuan ($288 billion) in 2019, exceeding 2 trillion yuan for the first time and ranking sixth in China, according to a news conference held by the Information Office of Shandong Provincial People's Government on June 11. 

The province also released the list of the top 100 import and export enterprises in 2019.

Official data showed that the number of companies with actual import and export records increased by more than 2,000 from 2018 to reach 51,600 in 2019.

Last year, the total imports and exports of the top 100 foreign trade enterprises in Shandong reached 868.78 billion yuan, a year-on-year growth of 9.4 percent and accounting for 42.7 percent of the province's total.

The export volume of the top 100 exporters reached 295.94 billion yuan, up 3.4 percent, while the import value of the top 100 importers was 572.84 billion yuan, up 12.8 percent.

Twenty-six new enterprises made the list of top 100 importers. With the increase of the crude oil import quota issued by private refineries in China, the crude oil import enterprises in Shandong performed well in the ranking.

In 2019, there were 40 crude oil enterprises among the top 100 importers, with the import value of crude oil reaching 287.63 billion yuan, up 18.2 percent, accounting for 50.2 percent of the total import value of the top 100 importers.

A total of 18 new companies were listed among the top 100 exporters.