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New year brings buzz to Shandong’s foreign trade

2025-01-03 18:03   China Daily

  “The goods include those not only produced in Shandong, but also from neighboring provinces,“ said Song Wei, deputy general manager of the airport logistics unit, Shandong Airport Management Group Yantai International Airport Co Ltd.

  Yantai, a major logistics gateway to Japan and South Korea, handled a total of 22,000 tons of cross-border e-commerce parcels at its airport last year, a year-on-year increase of 109.5 percent.

  “Through frequent cargo flights to South Korea from Yantai, South Korean consumers can receive their goods in as quickly as 37 hours,“ said Song.

  Meanwhile, a containership departed from Qingdao port, carrying electronic products and new energy vehicles to destinations including Turkiye, Greece, Italy and France.

  This year, Shandong plans to introduce a series of policy measures to facilitate international trade between local enterprises and overseas markets, said Wang Hong, deputy head of the Shandong Provincial Department of Commerce.

  “We aim to focus on key industries, high technology and green products, supporting companies in participating in more than 360 overseas exhibitions and enhancing the international marketing public service system to drive coordinated trade and investment,“ said Wang.

  In the first 11 months of 2024, Shandong's total import and export value reached 3.05 trillion yuan, a year-on-year increase of 3.1 percent. Exports accounted for 1.87 trillion yuan, a growth of 6.9 percent.

  Notably, high-end manufacturing products such as ships, electronic components and machinery equipment demonstrated export growth exceeding 40 percent. The export value of electric vehicles, photovoltaic products and lithium batteries also surged by 11.1 percent, emerging as key highlights in Shandong's foreign trade landscape, according to data from the department.

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