It is learned from the City Foreign Economy and Trade Bureau. The city has overcome difficulties and adjusted policies for its foreign trade. As a result the local export maintained a growth tendency in the third quarter this year. The General volume of import and export hit 10 billion dollars.

Statistics of the Qingdao Customs show the city's foreign trade hit 10 billion dollars in the first 9 months this year. Export increased 12% to reach 5.96 billion us dollars, import hit 4 billion us dollars. The export exceeded 800 million dollars in Sept.

Import and export enjoyed a large pace of increase , processing export continued to climb up. The traditional export market maintained a steady increase and new markets are being expanded rapidly. From Jan. To Sept., export to markets of Russia, East Europe, middle east and South America increased 38% to reach 600 million us dollars, accounting for 10% of the city's general export volume. Most traditional export commodities enjoyed a steady increase, electrical products, new and high-tech products maintained rapid growth. More enterprises are in the export business and the export scale is increasing. 560 new export companies exported 223 million dollars in the first 9 months this year, accounting for 37% of the total export volume.

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