Xinjiang, Eurasian Economic Union trade see modest increase in H1
Published : Sunday, 9 September, 2018 at 4:07 PM Count : 242
The trade volume between Xinjiang and member states of the Eurasian Economic Union (EAEU) stood at 87.95 billion yuan (12.9 billion U.S. dollars) in the first half of 2018, up 6.3 percent year on year, Urumqi Customs said.
Xinjiang’s Alashankou, Horgos, and Turugart are the three major trade ports with the EAEU. In the Jan-June period, Alashankou registered a volume of 36.99 billion yuan with the union, up 5.9 percent year on year and accounting for 42.1 percent of the total trade between the two sides, Xinhua reports.
Horgos reported a volume of 17.43 billion yuan, up 64.6 percent while Turugart reported 15.35 billion yuan, up 36.7 percent year on year.
Kazakhstan and Russia, as Xinjiang’s biggest trade partners, mainly imported clothing, mechanical and electrical products, and shoes from China; exporting crude oil, copper and natural gas to China.
Established in 2015, the EAEU consists of Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, seeking to optimize the flow of goods and services among its members.