In the first half of the year, shandong's cross-border direct purchase trade to countries along the "One Belt And One Road" surged 32 times

On July 23, the information office of shandong government held a press conference to introduce shandong's foreign trade import and export and import and export to countries along the "One Belt And One Road" route. Lightning news reporter learned from the meeting, in the first half of 2020, in shandong province on the "area" all the way along the national import and export of 292.33 billion yuan, up 4.4% from a year earlier, higher than the same period in shandong province, the overall growth rate of 7.6%, accounted for 30.9% of the total cost of the foreign trade import and export of shandong province during this period, the proportion increased by 2.3% from the same period a year earlier, exports of 162.8 billion yuan, increased by 8.9%, imports of 129.53 billion yuan, down 0.7%.

In the first half of this year, shandong's export of contracted projects to countries along the "One Belt And One Road" increased significantly

General trade is dominated by imports and exports, while goods contracted for foreign projects have increased substantially. In the first half of the year, the import and export of shandong province to "One Belt And One Road" countries along the routes reached 203.59 billion yuan, up by 1.2%, accounting for 69.6% of the total import and export value of shandong province to "One Belt And One Road" countries along the routes in the same period. In the same period, The import and export of Bonded logistics in Shandong reached 48.28 billion yuan, up by 42.5%. Imports and exports through processing trade totaled 34.25 billion yuan, down 14.9%. In addition, the export of goods contracted for overseas projects reached 3.4 billion yuan, a sharp increase of 1.9 times.

The main import and export markets are ASEAN, Russia, India and the Eu. In the first half of the year, among the cross-border trade between shandong and the countries along the One Belt And One Road, asean was the largest import and export market, with the import and export reaching 123.47 billion yuan, up 16%, accounting for 42.2%. In addition, imports and exports to Russia totaled 46.58 billion yuan, down 4 percent to 15.9 percent. Imports and exports to India reached 17.45 billion yuan, down 13.7% or 6%; Imports and exports to the EU totaled 14.71 billion yuan, up 7.4%; The combined import and export of the above four countries and regions accounted for 69.2 percent.

Mechanical and electrical products, labor-intensive products, agricultural products as the main export commodities, integrated circuits export surge. In the first half of the year, shandong exported 70.52 billion yuan of mechanical and electrical products to "One Belt And One Road" countries along the route, up 13.9%, accounting for 43.3% of the total value of our province's exports to "One Belt And One Road" countries along the route in the same period, among which the integrated circuit was 1.53 billion yuan, up 34.9 times; Exports of labor-intensive products reached 19.9 billion yuan, up 15.4 percent, accounting for 12.2 percent, among which exports of textiles and clothing reached 12.19 billion yuan, down 2.2 percent; Exports of agricultural products reached 18.05 billion yuan, up 25.7%, or 11.1%, of which exports of vegetables reached 5.13 billion yuan, up 44.3%, and exports of fresh and dried fruits and nuts reached 3.55 billion yuan, up 65.2%.

Crude oil is the main import commodity. In the first half of the year, shandong imported 61.2 billion yuan of crude oil from countries along the "One Belt And One Road", up 0.1%, accounting for 47.3% of the province's total import value from countries along the "One Belt And One Road" in the same period. Imports of mechanical and electrical products reached 15.28 billion yuan, up 5.6%, or 11.8%; Imports of agricultural products totaled 11.18 billion yuan, roughly the same as the same period last year, accounting for 8.6 percent.

Cross-border trade has become an important force driving the growth of bilateral trade in Shandong

"One Belt And One Road" construction has an obvious pulling effect on trade and investment. According to data from the ministry of commerce, in the first half of this year, China's non-financial direct investment in One Belt And One Road countries along the routes reached 8.12 billion us dollars, up 19.4%. In the first five months of this year, a total of 46.98 billion US dollars was awarded to countries along the Belt and Road, accounting for 54.8 percent of the total value of China's newly signed contracts for foreign projects. In the first half of this year, shandong's exports of foreign contracted projects to countries along the belt and Road increased by 1.9 times; In the same period, shandong's exports of electrical equipment, general machinery equipment, automatic data processing equipment and integrated circuits to countries along the route increased by 9.1%, 28.4%, 4.1 times and 31.9 times respectively.

The china-Europe freight train has promoted the continuous expansion of cross-border trade between Shandong province and countries along the route. Against the backdrop of widespread disruptions and suspensions in Eurasia and the impact of the epidemic on the supply chain, the China-Europe freight train has bucked the trend. In the first half of this year, The Qilu Eurasia freight train opened 740 trains in total, an increase of 40.4%, and Shandong's import and export to the countries along the Routes reached 7.23 billion yuan, an increase of 49.8%. It has become an important channel to ensure smooth cross-border trade between Shandong and the countries along the routes.

Cross-border trade is becoming an important force driving the growth of bilateral trade. During the epidemic, China and many enterprises along the "One Belt And One Road" quickly changed their thinking and gave full play to the advantages of cross-border e-commerce, creating more new growth points for the economic development of countries along the "One Belt And One Road". In the first half of the year, Shandong exported 460 million yuan to countries along the route through cross-border direct purchase trade, surging 32 times and becoming a new bright spot in shandong's foreign trade economic development.