Trade volume between Yunnan, ASEAN rises 45 percent

14:40, July 04, 2011      

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According to the Yunnan Commerce Department, trade between Yunnan province and the Association of Southeast Asian Nations has remained healthy since the ASEAN-China Free Trade Area was established.

According to custom statistics, from January to May in 2011, the volume of imports and exports between Yunnan and the ASEAN amounted to 2.35 billion U.S. dollars, an increase of 45.4 percent. The rate of increase was 19.3 percent higher than the national average. The volume of trade between Yunnan and ASEAN is about 1.7 percent in proportion to the whole country.

From January to May, mechanical and electrical products ranked first in the main export products from Yunnan to ASEAN. The export volume of the mechanical and electrical products had increased 41 percent to reach 410 million dollars. The volume of imports and exports of other products, including tourism and shopping, were nearly 100 million U.S. dollars.

Foreign trade between Yunnan and the ASEAN countries has maintained relatively rapid growth. The trade volumes with Myanmar, Vietnam and Laos totaled 920 million, 450 million and 110 million dollars, respectively, with rates of increase being 29.1 percent, 68.7 percent and 52.3 percent. The cumulative trade volumes with those three countries are 63 percent of the total and decreased by 1.9 percent compared to last year. In the rest of the countries in ASEAN, such as Malaysia, Indonesia, the Philippines and Thailand, foreign trade grew notably, while it slipped a bit in Brunei.

During the 11th Five-Year Plan period, Yunnan province has strengthened the road network construction. The opening of the Kunming-Hanoi highway and Kunming-Bangkok highway has significantly promoted the development of foreign trade in the province.

In the first five months, trade transactions utilizing the Kunming-Hanoi highway increased 77 percent to reach 280 million dollars. The trade volume with Laos and Thailand via the Kunming-Bangkok highway stood at 71.15 million dollars and 42.6 million dollars, respectively, representing increase of 16.5 percent and 28.8 percent.

By People's Daily Online

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