Foreign trade

In 2000, the import and export value of Shanxi Province came to US$1.764 billion, an increase of 37 per cent on 1999.

The total export value was US$1.237 billion, a 47 per cent increase over US$839 million in the previous year. This is equivalent to 6.24 per cent of the total GDP of the province and the province's share of the national total export value was 0.5 per cent (see Table 7.4.2).

Table 7.4.2: Top five export markets, Shanxi Province

Country/region	Export value (US$ million)	% of export total
1995
Hong Kong	220.11	18.22
Japan	181.80	15.00
Republic of Korea	179.20	14.83
USA	91.59	7.58
Germany	68.05	5.63
Total	740.75	61.26
2000
Republic of Korea	207.35	16.76
Japan	189.63	15.33
USA	162.59	13.14
Netherlands	56.63	4.56
India	53.02	4.29
Total	669.22	54.08

The province exported US$691 million worth of primary products, which accounted for 55.86 per cent of its total export value. The export of manufactured products was 44.14 per cent of the total export amount (US$546 million).

Total import value was US$528 million, an increase of 17.75 per cent over 1999. The province imported US$410 million worth of manufactured products, amounting to 77.7 per cent of the total import, while the imports of primary products accounted for a smaller share in the total import of US$118 million (see Table 7.4.3).

Table 7.4.3: Top five import origins: 1995 and 2000, Shanxi Province

Country/Region	Import value (US$ million)	% of total imports
1995
France	35.39	15.96
Hong Kong	33.72	15.20
Australia	29.48	13.29
USA	17.95	8.09
Germany	12.89	5.81
Total	129.43	58.35
2000
USA	127.36	24.14
Germany	106.99	20.28
Australia	81.37	15.42
Republic of Korea	62.67	11.88
Belgium	23.36	4.43
Total	401.75	76.15