Shanxi's foreign trade surges in first three quarters


Updated: 2021-10-28

The foreign trade value of North China's Shanxi province surged in the first three quarters of the year – jumping 76.8 percent year-on-year to 170.34 billion yuan ($26.62 billion), according to Taiyuan Customs. 

Exports hit 104.52 billion yuan, up 87.8 percent, while imports came in at 65.82 billion yuan, a year-on-year increase of 61.9 percent, from January to September. 

In the past nine months, the value of imports and exports for the processing trade alone was worth 104.58 billion yuan, an increase of 91.9 percent and accounted for 61.4 percent of the province's total foreign trade.

Shanxi's imports and exports with major trading partners, such as the United States, Japan, ASEAN, and the BRICS countries, increased significantly, accounting for 58.4 percent of the total value of foreign trade.