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Inner Mongolia coal import value surges 250.7% YoY in Jan-May www.sxcoal.com
Northern China's Inner Mongolia imported 18.76 billion yuan worth of coal in the first five months this year, an increase of 250.7% from the previous year, showed data from Hohhot Customs District.
As minerals serve as the main force for imports in Inner Mongolia, the region has leveraged geographical advantages of its border ports and continued to deepen customs clearance reforms, strongly promoting the import trade of mineral products, Xinhua Finance reported.
In addition, copper ore imports to Inner Mongolia amounted to 9.7 billion yuan, a year-on-year growth of 29.3%; crude oil imports reached 1.2 billion yuan, up 32.7% YoY.
Meanwhile, exports of mechanical and electrical products stood at 10.4 billion yuan, a YoY rise of 150%, while agricultural product exports reached 3.75 billion yuan, a YoY growth of 23.2%. Steel exports amounted to 3.39 billion yuan, a YoY increase of 21.5%.
Inner Mongolia has consolidated its traditional advantage in trade with Mongolia and Russia, while actively expanding other overseas markets. In January-May, the import and export value between Inner Mongolia and Mongolia amounted to 27.26 billion yuan, up 114.7% on the year. Imports and exports with Russia reached 13.46 billion yuan, rising 97.6% YoY.
The total value of foreign trade imports and exports in Inner Mongolia for the first five months reached 75.78 billion yuan, an increase of 38.4% YoY. Exports amounted to 29.32 billion yuan, while imports reached 46.46 billion yuan, data showed.
Published Date:2023-06-27
