Anhui’s foreign trade value broke through $50 billion to reach $53.64 billion in 2017, a year-on-year increase of 20.80 percent, according to the Anhui Department of Commerce.
Imports rose 45 percent to $23.16 billion, up 45 percent, and exports stood at $30.48 billion, up 7.2 percent.
“It really means a lot to the province that its foreign trade volume exceeds $50 billion for the first time,” a source with the department said, pointing out that it shows the province has laid a solid foundation for open economy and increased its overall strength.
More and stronger importers and exporters contributed to the eastern Chinese province’s foreign trade. Statistics showed up to 3,013 foreign traders were newly registered in Anhui, while 1,702 additional ones delivered import or export performance last year.
As of December 31, 2017, there were 28,000 foreign trade companies across the province, 7,000-plus of which had business records. Out of them, 78 recorded over $100 million in foreign trade value, while six posted more than $1 billion.
The province issued catalogs of 388 well-known overseas expos and sent about 1,400 local enterprises to major expos at home and abroad like China Import and Export Fair, also known as Canton Fair, and East China Fair.
In addition, it launched commodity fairs in Saudi Arabia and the Emirates, reporting a turnover of $6 billion.
Volume of trade with countries and regions involved in China’s Belt and Road Initiative hit $13.86 billion in 2017, representing a year-on-year rise of 15.50 percent.