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Maritime Silk Road Trade Index Rallies Ahead as Import-Export Trade Booms

In February 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 145.91 points, up 40.96% year-on-year; the export trade index was 162.54 points,an increase of 60.33% year-on-year;the import trade index was 129.00 points,up 22.06% year-on-year.

From January to February, China total import and export trade value was US$834.5 billion,a year-on-year increase of 41.0%.The total export trade value was US$468.8 billion,a year-on-year increase of 60.3%;the total import trade value was US$365.6 billion,a year-on-year increase of 22.1%.

China’s trade with continents
From January to February, the import and export trade value between China and Asia was US$418.6 billion, up 36.1% year-on-year, accounting for 50.2% of China’s total import and export value. The export trade value was 218.6 billion U.S. dollars, up 49.7% year-on-year; the import trade value was 200.0 billion U.S. dollars, up 23.8% year-on-year.

From January to February, the import and export trade value between China and Europe was US$164.8 billion, up 42.1% year-on-year, accounting for 19.7% of China’s total import and export value. The export trade value was 99.0 billion U.S. dollars, up 63.8% year-on-year; the import trade value was 65.8 billion U.S. dollars, up 18.6% year-on-year.

From January to February, the import and export trade value between China and Africa was US$34.0 billion, up 27.6% year-on-year, accounting for 4.1% of China’s total import and export value. The export trade value was 20.7 billion U.S. dollars, up 50.7% year-on-year; the import trade value was 13.3 billion U.S. dollars, up 3.1% year-on-year.

From January to February, the import and export trade value between China and North America was US$121.0 billion, a year-on-year increase of 79.1%, accounting for 14.5% of China’s total import and export value. The export trade value was 87.8 billion U.S. dollars, up 87.2% year-on-year; the import trade value was 33.2 billion U.S. dollars, up 60.6% year-on-year.

From January to February, the import and export trade value between China and Latin America was US$60.6 billion, a year-on-year increase of 33.3%, accounting for 7.3% of China’s total import and export value. The export trade value was 31.2 billion U.S. dollars, up 68.6% year-on-year; the import trade value was 29.4 billion U.S. dollars, up 9.0% year-on-year.

From January to February, the import and export trade value between China and Oceania was US$35.2 billion, up 22.3% year-on-year, accounting for 4.2% of China’s total import and export value. The export trade value was 11.7 billion U.S. dollars, up 68.0% year-on-year; the import trade value was 23.5 billion U.S. dollars, up 7.8% year-on-year.
Source: Ningbo Shipping Exchange

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