Foreign trade


Shaanxi's total import and export value increased by 5.94 per cent from US$2.008 billion in 1999 to US$2.128 billion in 2000.

The total export was US$1.310 billion in value, up by 11.3 per cent over US$1.177 billion in 1999. The province 's export value was equivalent to 6.52 per cent of the provincial GDP of RMB166.1 billion (US$20.085 billion) and contributed 0.53 per cent to the country's total export value.

Export of primary products came to US$118 million, accounting for 9 per cent of total export value, while export of manufactured products totalled US$1.192 billion, or 91 per cent of total export value.

Shaanxi is not as dependent on its top five export markets (see Table 7.27.2) as other provinces . In 2000, the top five export markets contributed 46.3 per cent of the province's total export earnings. The United States and Hong Kong, who were first and second, had similar shares in the province's total export, 12.82 per cent and 12.44 per cent respectively.

Table 7.27.2: Top five export markets, Shaanxi Province, 1995 and 2000

Country/region

Export value (US$ million)

% of export total

1995

Hong Kong

316.30

24.67

Japan

146.58

11.43

Republic of Korea

78.82

6.15

USA

49.07

3.83

Netherlands

45.84

3.58

Total

636.61

49.66

2000

   

USA

167.93

12.82

Hong Kong

163.36

12.44

Japan

120.20

9.16

Republic of Korea

91.32

6.95

UK

61.17

4.66

Total

603.98

46.03

In 2000, the province's import value dropped slightly by 4.44 per cent, from US$856 million in 1999 to US$818 million. Import of primary products came to US$190 million, accounting for 23.23 per cent of total import value, and import of manufactured products totalled US$628 million, or 76.77 per cent of total import value.

Japan was the largest exporter to the province, having a share of 21.39 per cent in the province's total import. The top five import markets (see Table 7.27.3) captured a share of 64.37 per cent of Shaanxi's import.

Table 7.27.3: Top five import markets, Shaanxi Province, 1995 and 2000

Country/region

Import value (US$ million)

% of import total

1995

Japan

130.90

29.05

Hong Kong

40.98

9.09

Belgium

28.99

6.43

USA

13.33

2.96

Australia

12.50

2.77

Total

226.7

50.3

2000

Japan

175.34

21.39

USA

128.80

15.77

France

111.24

13.57

Belgium

58.99

7.21

Germany

52.65

6.43

Total

527.02

64.37




Doing Business with China
Doing Business with China
ISBN: 1905050089
EAN: 2147483647
Year: 2003
Pages: 648
Authors: Lord Brittan

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