Hubei's imports and exports stood at 262.5 billion yuan in the first five months of2024, up 7.6 percent year on year, local customs said on June 13.

  Of the total, exports posted 179.46 billion yuan, surging by 6.1 percent from the same period last year, whileimports gained 10.8 percent to 83.04 billion yuan.

  From January to May,Hubei’s imports and exports of general trade amounted to 197.76 billion yuan, accounting for more than 70percent of the province's total foreign trade volume.

  During the period, Hubei's imports and exports with its top three trading partners - ASEAN,the European Union andthe United States - stood at49.01 billion yuan,29.44 billion yuan and23.54 billion yuan, respectively.

  Meanwhile, the province’s trade with countries involved in the Belt and Road Initiative totaled 128.03 billion yuan.

  Private enterprises witnessed strong performance with the import and export volume hitting 181.45 billion yuan over the period, while the imports and exports of foreign-invested enterprises andstate-owned enterprises reached 41.09 billion yuan and 39.87 billion yuan, respectively.

  Wuhan, capital city of Hubei Province, posted140.94 billion yuan in foreign trade, contributing more than 50percent to the province's total during the same period.

  Exports of mechanical and electrical products represented a year-on-year growth of 8.3 percent to 100.14 billion yuan, while exports of labor-intensive products reached32.93 billion yuan.

  Imports of metallic mineral oreregistered 22.65 billion yuan,whileimports of agricultural productshit 6.79 billion yuan. (en.hubei.gov.cn by Zhang Yawei)

  Source: en.hubei.gov.cn