SHIJIAZHUANG – North China’s Hebei province saw its foreign trade grow 6 percent year-on-year to 351.49 billion yuan (about $53.43 billion) in the first 10 months of this year, customs data showed.
The growth was mainly due to the import sector, which grew 12.4 percent year-on-year to 152.97 billion yuan, according to the Shijiazhuang customs in the provincial capital.
The value of exports stood at 198.52 billion yuan from January to October, a rise of 1.6 percent year-on-year.
Iron ore and soybeans were among the major items that contributed to the growth in import volume, rising 18.5 percent and 70.7 percent respectively, to around 107.29 million metric tons and 6.2 million tons during the period.
Hebei province, China’s leading producer of iron and steel, is a major consumer of iron ore.
The Central People’s Government of the People’s Republic of China published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 16:30:06 UTC