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Chongqing's trade with Belt and Road countries surges

Economy

Southwest China's Chongqing municipality saw its foreign trade with countries participating in the Belt and Road Initiative (BRI) grow 31.2% year on year to 129.47 billion yuan (about US$18.5 billion) in the January-October period.

XinhuaUpdated: November 15, 2019

Southwest China's Chongqing municipality saw its foreign trade with countries participating in the Belt and Road Initiative (BRI) grow 31.2% year on year to 129.47 billion yuan (about US$18.5 billion) in the January-October period.

Chongqing's total trade volume reached 469.11 billion yuan in the first 10 months, up 10.8% year on year, according to the city's customs authority.

Its exports increased 10.8% to 300.34 billion yuan, while its imports grew 10.9% to 168.77 billion yuan in the same period, said Chongqing customs.

Trade with Belt and Road countries accounted for 27.6% of the total amount, 4.3 percentage points higher than that of the same period last year.

Exports to Belt and Road countries increased by 21% to 69.94 billion yuan, while imports rose 45.6% to 59.53 billion yuan.