July 6, 2016 - 2:20 AM EDT
Print Email Article Font Down Font Up
Russia Is No.2 Destination for Zhejiang E-commerce Exports

ZHEJIANG, July 6, SinoCast -- Hangzhou Customs declared foreign trade of CNY 20.12 billion between Zhejiang and Russia in January-May period, rising 17.6% from a year earlier. Exports climbed 4% to CNY 15.43 billion and imports hiked 110% to CNY 4.69 billion.

The foreign trade leaped 43% from a year ago and 15.1% from a month earlier to CNY 4.95 billion in May alone. Exports jumped 16.7% from a year earlier and 11.8% from a month ago to CNY 3.5 billion. Imports increased 210% from a year ago and 23.9% from a month earlier to CNY 1.45 billion.

Zhejiang imported refined oil of CNY 1.85 billion from Russia in January-May period, rising 120% from a year earlier, taking up 39.4% of the total imports. Imports of crude oil reached CNY 1.08 billion, accounting for 23% of the total.

Exports of Zhejiang to Russia for garments hiked 12.2% to CNY 1.88 billion. The figures for electric appliances, electronic products, lamps and agricultural products respectively leaped 14.2%, 39.5% and 78.8%. Exports through e-commerce network jumped 720% to CNY 330 million. Russia has become global second biggest destinations for e-commerce exports by Zhejiang.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Source: Equities.com News (July 6, 2016 - 2:20 AM EDT)

News by QuoteMedia

Legal Notice