Anhui’s foreign trade with BRI markets up 11% in Q1-Q3

East China’s Anhui province posted an 11 percent year-on-year increase in the volume of trade with countries and regions involved in the Belt and Road Initiative (BRI) in the first three quarters this year, according to Hefei Customs.

The province’s foreign trade with the BRI markets reached 95.04 billion yuan ($14.20 billion) between January and September, accounting for 24 percent of its total foreign trade value.

Its exports stood at 72.18 billion yuan, up 11.1 percent, while imports rose 10.7 percent to 22.86 billion yuan.

In September alone, the province’s trade with the BRI countries and regions totaled 12.06 billion yuan, an increase of 14.2 percent. Exports reached 8.85 billion yuan, up 8.7 percent, while imports reached 3.21 billion yuan, up 33 percent.

Private enterprises’ trade with the BRI markets reached 55 billion yuan, or 57.9 percent of the provincial total, during the first three quarters.

The province’s foreign trade with its seven major trade partners, including Singapore, India, Vietnam and Malaysia, hit 53.62 billion yuan, or 56.4 percent of the total.