Xin­jiang’s Hor­gos sees ris­ing for­eign trade in 2018

Global Times - - BIZ UPDATE -

Im­port and ex­port cargo at the Hor­gos Port in North­west China’s Xin­jiang Uyghur Au­tonomous Re­gion, a city that bor­ders Kaza­khstan, jumped 23.2 per­cent year-on-year to 35.74 mil­lion tons in 2018 boosted by the Belt and Road ini­tia­tive (BRI), fig­ures from the Hor­gos cus­toms showed on Sun­day.

To­tal trade volume hit 135.2 bil­lion yuan ($20 bil­lion), up 22.2 per­cent year-on-year, ac­cord­ing to the statis­tics.

The amount and value ac­counted for 60.2 per­cent and 45.6 per­cent of the to­tal for the en­tire Xin­jiang cus­toms zone, re­spec­tively, rank­ing it the first among all ports in Xin­jiang.

In terms of ex­ports, high-tech­nol­ogy prod­ucts, tex­tiles and clothes, elec­tronic equip­ment and agri­cul­tural prod­ucts recorded sig­nif­i­cant growth, with main ex­port des­ti­na­tions in­clud­ing Rus­sia and five Cen­tral Asian na­tions – Kaza­khstan, Kyr­gyzs­tan, Ta­jik­istan, Uzbek­istan and Turk­menistan. Im­ports were mainly tra­di­tional bulk com­modi­ties such as nat­u­ral gas, li­corice, sun­flower seeds and an­i­mal fur.

The spike in trade volume and value shed light on how Xin­jiang has fur­ther opened up and vi­tal­ized its econ­omy by im­prov­ing in­fra­struc­ture and con­nec­tiv­ity un­der the BRI, an­a­lysts said.

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