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Hubei Imports and Exports
Total value of imports and exports of Hubei province
have risen from US$ 3, 210 million in 1997 to US$
12, 870 million in 2007, representing a 4.6 times
growth over a period of ten years. The province's
total value of imports and exports experienced a
year-on-year increase of 51.8%. Among all the cities
in Hubei province, Wuhan contributes a major portion
of the total trade value amounting to US$ 6, 100
million in 2005, constituting to more than two
thirds of the total provincial value of imports and
exports.
Below is the chart of Hubei total imports and exports from year 1997 - 2009:
Hubei’s total value of imports has been on an upward
trend from US$ 1,290 million in 1997 to US$ 6, 700
million in 2007, reflecting a 5.2 times increase
over the years. Most of the imports are derived from
Japan, France and Germany. These imports include:
car components, chemicals and raw materials,
electronic equipment and iron and copper ores. The
development of the iron and steel industry is the
main factor for the considerable growth in iron core
imports. In addition, the domestic demand for cars
are increasing as well, which explains the
significant proportion of car components that
contributes to the total value of imports of Hubei
province.
Below is the chart of total imports and trends of Hubei province from year 1997 - 2009:
The exports
volume of Hubei Province has been ranked first among central China
provinces in 6 years since 2002. Total value of exports have climbed from
US$ 1, 920 million in 1997 to US$ 8, 170 million in 2007, having a 4.3 times
raise over a period of ten years. Major exported products consist of textile
and garment, machinery, electronic component and device and medicinal raw
material, while major export destinations include US, Hong Kong, Japan,
Germany and South Korea. Electromechanical products play a leading role in
Hubei’s exports. Besides, industries in iron and steel, shipping,
automobile, electronics, chemical engineering are growing rapidly, thus,
exports from these industries have swelled considerably as well.
Below is the chart of total exports and trends of Hubei province from year 1997 - 2009:
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