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24.11.22 09:21
Economics

China's Xiamen sees trade with BRICS up 26.3% in January-October

It hit 76.46 billion yuan

East China's coastal city of Xiamen, Fujian Province, saw its trade with BRICS countries increase 26.3 per cent year on year to hit 76.46 billion yuan (about 10.67 billion dollars) in the first 10 months of this year, according to Xiamen Customs.

Xiamen's exports to BRICS countries amounted to 23.44 billion yuan from January to October, up 27.2 per cent year on year, and its BRICS imports totaled 53.02 billion yuan, up 26 per cent, as reported by Xinhua News Agency, a partner of TV BRICS.

The city's imports and exports with South Africa and Brazil maintained rapid growth. Its trade with the two countries reached 11.27 billion yuan and 23.37 billion yuan, up 31.1 per cent and 18.8 per cent, respectively.

Major imported goods during the period included metal ore, mineral sands, coal and lignite, and agricultural products. Main exports included mechanical and electrical products, as well as labor-intensive goods.

BRICS is the acronym for an emerging-market bloc that groups Brazil, Russia, India, China, and South Africa.

Photo: unsplash.com


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