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The import and export increased 40.6% in the first 7 months between Shandong and the BRICS countries
According to Jinan Customs statistics, the import and export in the first 7 months is 112.46 billion yuan between Shandong and the BRICS countries this year, seeing year-on-year rises of 40.6%, which got 18.8% average growth rate higher than other cities in Shandong and accounted for 11% in the province's total import and export value during the same period. Thus the export is 45.74 billion yuan, increasing 27.4%; the import is 66.72 billion yuan, increasing 51.5%; the cumulative trade deficit is 20.97 billion yuan, expanding 1.6 times.