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Indiaexportnews.com

Xinjiang's trade with Kazakhstan up 13.4pc

  20.02.2014    

Xinjiang recorded a collective value of US$22.81 billion in trade with Kazakhstan last year, which grew 13.4 per cent from 2012 and accounted for 51.1 per cent of Xinjiang's trade value total, Xinhua reports.
Exports to Kazakhstan climbed 12.8 per cent to $9.95 billion. Imports from Kazakhstan valued $12.85 billion, up 13.8 per cent.
Xinjiang's exports to Kazakhstan were mostly labour-intensive products. Textile and garment exports grew by 26.2 per cent, taking up 38.3 per cent of Xinjiang's total value of exports to Kazakhstan. Electro-mechanical product exports increased 4.2 per cent. Steel exports increased three per cent.
Since Sino-Kazakh petroleum pipe started operation, China's oil imports from Kazakhstan was rising sharply. Natural resource products like minerals became the major kind of China's imports from Kazakhstan. Last year, crude oil import from Kazakhstan via Xinjiang increased 14.3 per cent in value to $9.25 billion, taking up 72 per cent of the total of Xinjiang's imports from Kazakhstan.
Alashankou remained the largest border checkpoint for Sino-Kazakh trade. The trade cargo handled by the checkpoint took up 71.2 per cent in Xinjiang's total value of trade with Kazakhstan. Meanwhile, Dutala checkpoint and Khorgas checkpoint were experience rapid growth, which respectively surged 64.2 per cent and 46.1 per cent.
In December last year, the Sino-Kazakh Baktu-Bakty checkpoint fast customs clearance service, aka the "green channel" was launched for agricultural products. This is the China's first cooperation project with a neighbouring country on streamlining clearance service for agricultural produce.


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