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Zhejiang-African Trade Booms: Import and Export to Africa Increased by 14.4% in the First Seven Months
2018-09-07 10:03:49

The glass fiber production base of Jushi Egypt Co. with an annual output of 200,000 tons going into operation, HikVision setting up a science and technology industrial park in Africa, and Holley Group planning to build an industrial park in north Africa.... In recent years, Zhejiang has taken an active part in the development of Belt and Road Initiative, and private enterprises have invested in African countries. The development of infrastructure, production capacity cooperation and other key areas has been in full swing.

According to the statistics of Hangzhou Customs, from January to July this year, the import and export volume of Zhejiang to African countries was 112.74 billion yuan, up 14.4% year on year, 5 percent higher than the overall growth rate of the provincial import and export in the same period, accounting for 7.1% of the total import and export value in the same period. Of this, the export volume reached 92.89 billion yuan, increasing 11.2% year on year. Imports totaled 19.85 billion yuan, up 31.8 percent year on year.

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