New Business
Western trade helps buoy Xinjiang’s exports but signs of slowing growth in November
According to China Customs data, the value of Xinjiang’s exports and imports grew by 24.7 per cent in the first 11 months of the year to US$56.7 billion, well outpacing the national growth rate of 3.6 per cent.
The total also surpassed the 400 billion yuan mark for the first time.
Overall, Xinjiang shipped more goods than it brought in, with exports hitting US$48.25 billion and imports reaching US$8.44 billion.
Some of the biggest growth since the start of the year has been in shipments to the US and Britain, which rose more than 600 per cent year on year from January to November. Shipments to Canada, Japan and Germany also rose at least 200 per cent, China Customs said, releasing the data on Wednesday.
The authorities did not specify what kind of products led the export growth to the West, saying only that overall Xinjiang’s main exports were electrical products, garments and other textiles.
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