The Northern Chinese Port City of Tianjin witnessed a 4.7% year on year growth in Trade with Belt & Road Countries from January to April.
The Trade volume between Tianjin and Belt & Road Countries reached 54.9 billion yuan (about 7.7 billion U.S. dollars) during the period, accounting for 25.6% of the City’s total Foreign Trade, the Tianjin Customs said Wednesday.
The City’s Exports to Belt & Road Countries totalled 30.4 billion yuan in the first four months, while imports totalled 24.6 billion yuan during the period.
The Association of Southeast Asian Nations became Tianjin’s largest trade partner among Belt & Road Countries and regions during the period, with total trade hitting 29.1 billion yuan, up 5.7% year on year.
Mechanical and Electrical Products topped the list of Export Commodities in Tianjin from January to April, accounting for 70.7% of the total Exports to these Countries.