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Wuhan’s foreign trade reaches new high in 2018

Source: hubei.gov.cn 01/30/2019 05:01:40

In 2018, the foreign trade turnover of Wuhan, capital of central China’s Hubei Province, amounted to 214.6 billion yuan, up 10.9 percent year on year. Exports rose by 10 percent to 127.27 billion yuan, according to the conference press on January 29, 2019.

The export and import volume in service trade reached 13 billion U.S. dollars, an increase of 13.34 percent year on year. And the service outsourcing contract jumped by 40.96 percent from the previous year, amounting to 15.366 billion yuan, of which offshore service outsourcing contract was 5.253 billion yuan, rising by 20 percent.

The investment cooperation of the Belt and Road Initiative achieved remarkable results, seeing that the turnover of foreign economic cooperation reached 4.668 billion U.S. dollars, up 19 percent from the previous year. The commencement of the China International Engineering Industry Supply and Demand Summit witnessed an intention amount of 10.9 billion yuan. More than 260 enterprises engaged in the promotion activities among 15 countries and regions.

(hubei.gov.cn by Zhang Yawei)