App

China's trade with SCO members up 26% in January-August
Updated: September 16, 2022 21:32 Xinhua

BEIJING — China's trade with other member states of the Shanghai Cooperation Organization (SCO) witnessed rapid growth in the first eight months of the year, official data showed on Sept 16.

The trade volume jumped 26 percent year-on-year to 1.73 trillion yuan (about $250 billion) in the January-August period, according to the General Administration of Customs. The growth rate was 15.9 percentage points higher than that of China's total foreign trade.

China's trade with other SCO members accounted for 6.3 percent of its total foreign trade in the period, up 0.8 percentage points from a year ago.

Last month alone, the trade volume hit a record high of 256.79 billion yuan, up 28.9 percent year-on-year.

A breakdown of the January-August figures shows that China imported 117 million tons of crude oil, coal and natural gas from other SCO members, with the combined value accounting for 56.9 percent of the total imports from these countries. Meanwhile, farm produce imports made up 7.5 percent of the total.

In terms of exports, China's mechanical and electrical goods, labor-intensive products, and basic organic chemicals accounted for 52.6 percent, 19.1 percent and 5.9 percent of the total exports to other SCO members, respectively.

Founded in 2001, the SCO now has eight full members, namely China, Russia, Kazakhstan, Tajikistan, Kyrgyzstan, India, Pakistan, and Uzbekistan, four observer countries and multiple dialogue partners.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218