Foreign trade

The total import and export value of Hunan Province reached US$2.512 billion in 2000, an increase of 28.45 per cent over US$1.956 billion in 1999.The total export value was US$1.653 billion, up by 28.93 per cent compared with US$1.282 billion in 1999 and equal to 5.08 per cent of the province 's GDP of RMB269.188 billion (US$32.55 billion) and 0.66 per cent of the country's total export value (see Table 7.18.2).

Table 7.18.2: Top five export markets, Hunan Province, 1995 and 2000

Country/region	Export value (US$ million)	% of export total
1995
Hong Kong & Macao	1,013.19	48.23
Japan	228.92	10.92
EU	221.07	10.54
USA	169.65	8.09
ASEAN	101.65	4.85
Total	1,734.48	82.63
2000
USA	239.61	14.50
Hong Kong	224.87	13.61
Japan	159.24	9.63
Republic of Korea	132.56	8.02
Germany	91.52	5.54
Total	847.8	51.3

Export of primary products was US$187.59 million, making up 11.35 per cent of total export value. Export of manufactured goods totalled US$1.465 billion, accounting for 88.65 per cent of the total export value.

Total import value was US$859.51 million, up by 27.52 per cent compared with US$673.94 million in 1999. Import of primary products accounted for US$167.35 million, or 19.47 per cent of total import value. Import of manufactured goods was US$692.16 million, accounting for 80.53 per cent of the total import value. Among the imports of manufactured products, mechanical and electronic products totalled US$515.12 million, accounting for 59.53 per cent of total import value (see Table 7.18.3).

Table 7.18.3: Top five import markets, Hunan Province, 1995 and 2000

Country/region	Import value (US$ million)	% of import total
1995
Hong Kong & Macao	206.61	25.18
USA	85.66	10.44
Japan	76.95	9.38
Republic of Korea	70.54	8.60
Taiwan Province	53.33	6.50
Total	493.09	60.1
2000
Republic of Korea	182.26	21.21
Japan	173.67	20.21
USA	80.22	9.33
UK	56.44	6.57
Taiwan Province	45.27	5.27
Total	537.86	62.59