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Yunnan's foreign trade up 17.8% in Jan-Sep

Oct. 22, 2012 (China Knowledge) - Southwest China's Yunnan Province saw its foreign trade value increase 17.8% YoY to US$14.12 billion in the first nine months of this year, ranked 22th in the country, according to the statistics released by the Kunming Customs.

From January to September, the province's export value decreased 8.3% YoY to US$6.71 billion, while its import value surged 58.7% YoY to US$7.41 billion.

The value of exports and imports under general trade decreased 9.6% YoY to US$8.3 billion during the nine-month period, while those under processing trade was US$4.01 billion, surged 12.3 times from a year earlier.

During the first nine months, Yunnan's exports of agricultural products rose 12.6% YoY to US$1.38 billion, while the exports of mechanical and electrical products hit US$1.12 billion, 30.5% less than in the same period of last year.

The province's trade with the ASEAN member countries experienced a YoY growth of 7%, reaching US$4.78 billion in the nine-month period, and its trade with South Africa and Peru jumped 320% and 140% YoY to US$770 million and US$570 million.

However, Yunnan's trade with the E.U., the U.S. and Japan plunged 40.6%, 52.9% and 37.7% YoY to US$890 million, US$380 million and US$240 million, respectively.

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