SOURCE / ECONOMY
Inner Mongolia sees brisk trade, as exports jump 33.1%, imports rise 12.5% in 8 months
Published: Sep 15, 2022 05:46 PM
The wide gauge cargo train dispatches from Erenhot, North China's Inner Mongolia Autonomous Region to Ulan Bator in Mongolia  Photo: CFP

The wide gauge cargo train dispatches from Erenhot, North China's Inner Mongolia Autonomous Region to Ulan Bator in Mongolia Photo: CFP


The total trade of North China's Inner Mongolia Autonomous Region reached 94.6 billion yuan ($13.7 billion) from January to August, up 20.4 percent year-on-year.

During this period, exports totaled nearly 40 billion yuan, an increase of 33.1 percent, while its imports increased 12.5 percent year-on-year to 54.7 billion yuan, according to customs of Hohhot, the regional capital.

In the first eight months, Inner Mongolia's main imports included coal and crude oil. The region's coal imports soared 153 percent to 13.8 billion yuan, and crude oil imports reached 930 million yuan, up 13.7 times.

In terms of exports, Inner Mongolia exported 4.3 billion yuan of agricultural products, an increase of 19.5 percent, and 7.3 billion yuan of mechanical and electrical products, up 67.1 percent.

In the first eight months of 2022, trade between Inner Mongolia and Mongolia reached 26.2 billion yuan, up 27.3 percent. Trade between the region with Russia totaled 12.6 billion yuan, increasing 7 percent; trade with the Association of Southeast Asian Nations (ASEAN) grew 44.9 percent to 9.4 billion yuan.

Trade volume with the EU reached 6.2 billion yuan, increasing 47.8 percent, customs data showed. 

Meanwhile, the region's trade with countries along the routes of the Belt and Road Initiative grew 24.9 percent to 57.1 billion yuan, as well as other member states of the Regional Comprehensive Economic Partnership (RCEP) up 9.2 percent to 23.8 billion yuan.

Xinhua