Beijing foreign trade up 25% in Jan.-Sept. period

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Beijing saw foreign trade increased by 25.1 percent year-on-year to 2.01 trillion yuan (289 billion US dollars) in the first three quarters of 2018, local customs said Monday.

Its imports grew by 24.2 percent to 1.65 trillion yuan while exports rose by 29.1 percent to 362.4 billion yuan, Beijing Customs said.

With its major trading partners, the city saw trade with the European Union rise by 16.9 percent to 248.7 billion yuan, trade with the Association of Southeast Asian Nations rise by 48 percent to 188.7 billion yuan and trade with the US rise by 22.2 percent to 187.6 billion yuan.

In terms of major exported products, Beijing exported 157.7 billion yuan worth of mechanical and electrical products, up 13.6 percent, 132.1 billion yuan worth of refined oil, up 100 percent, and 20.7 billion yuan worth of mobile phones, up 96.2 percent.

In terms of imports, Beijing reported surges in imports of crude oil and natural gas, which accounted for nearly half of its import value during the period. The city imported 711.4 billion yuan worth of crude oil, up 40.4 percent, and 107.5 billion yuan worth of natural gas, up 51.7 percent.

Source(s): Xinhua News Agency