NANJING, Nov. 16 (Xinhua) — The complete import and export of products in east China’s Jiangsu Province grew 5.4 % 12 months on 12 months to 458.78 billion yuan (about 64 billion U.S. {dollars}) in October, native customs authorities stated.
In October, the province’s exports climbed 2.2 % 12 months on 12 months to 291.76 billion yuan, whereas its imports stood at 167.02 billion yuan, up 11.7 % 12 months on 12 months, based on Nanjing Customs.
In the primary 10 months of this 12 months, Jiangsu’s complete overseas commerce reached 4.29 trillion yuan, with exports reaching 2.75 trillion yuan and imports hitting 1.54 trillion yuan.
Private enterprises have grow to be an vital accelerator for the province’s overseas commerce development. From January to October, the import and export quantity of personal enterprises reached 1.9 trillion yuan, up 5.9 % 12 months on 12 months, accounting for 44.3 % of the province’s complete overseas commerce quantity.
Jiangsu’s commerce with its 5 main companions — the Association of Southeast Asian Nations, the European Union, the United States, the Republic of Korea and Japan — accounted for over 60 % of its complete overseas commerce.