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Inner Mongolia Imports and Exports

 

Inner Mongolia Autonomous Region has established economic relations with over 160 countries and regions in the world. Among which, Russia, Mongolia and US play a vital role in contributing to the total value of imports and exports. One of the factors that result in such composition is due to geographical factor- more than 4, 200 km of border line is being shared by Inner Mongolia, Russia, and Mongolia. Total imports and exports of Inner Mongolia has grown from US$ 1, 070 million in 1997 to US$ 7, 740 million in 2007, representing a 7.2 times growth over a period of ten years.

 

Below is the chart of Inner Mongolia total imports and exports from year 1997 - 2009:

 

 

 

Inner Mongolia’s value of imports has risen from US$ 420 million in 1997 to US$ 4,790 million in 2007, reflecting an 11.5 times upsurge over the years. Major imports include minerals, wood, charcoal, straws, plaited products, baskets and wickerwork, chemical raw materials and electronics. Major import sources are derived from Russia, Mongolia, Australia, Germany and US.

 

Below is the chart of total imports and trends of Inner Mongolia autonomous region from year 1997 - 2009:

 

 

Total exports of Inner Mongolia has been on a upward trend from US$ 660 million in1997 to US$ 2, 940 million in 2007, having a 4.5 times growth over the years. Inner Mongolia’s main exports include base metals, textile materials, chemicals, electronic products, vegetables, fruit and cereals, while he major export markets consist of Japan, US and Mongolia. In 2006, the exports value of Japan amounted to US$ 300 million, constituting to 14.1% of the region’s total exports. Private enterprises have become a key driving force for the development of the region’s foreign trade. In 2006, the imports and exports account for 51% of the region’s total imports and exports growth rate.

 

Below is the chart of total exports and trends of Inner Mongolia autonomous region from year 1997 - 2009:

 

 

 

 

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