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China’s Trade with SCO Members Rises 14.9% in First Seven Months to 2.42 Trillion Yuan

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Documents & data Context piece
  • China’s trade with Shanghai Cooperation Organisation member states reached 2.42 trillion yuan in the first seven months, up 14.9% from a year earlier.
  • Machinery and electronic goods exports rose 15.7% to 998.35 billion yuan and accounted for 63.1% of China’s exports to SCO members.
  • China is also expanding agricultural imports and land transport links with Central Asia, including a multimodal freight route that reached Kyrgyzstan in 15 days.

China’s trade with Shanghai Cooperation Organisation member states grew at a double-digit rate in the first seven months of the year, reaching 2.42 trillion yuan, according to the General Administration of Customs.

The January-to-July figure, equivalent to about 495.5 trillion South Korean won, increased 14.9% from the same period last year. Machinery and electronic products led China’s export growth to SCO members. Those exports totaled 998.35 billion yuan, up 15.7% year on year, and represented 63.1% of all Chinese exports to the group.

Key products included auto parts, construction machinery and power equipment. Land-based logistics connecting China with Central Asia are also expanding. A recent multimodal freight train carrying auto parts left the SCO International Logistics Park in Lianyungang and reached Kyrgyzstan in 15 days on a route through Kyrgyzstan and Uzbekistan.

China is increasing agricultural imports from SCO members as well. A Kyrgyzstan pavilion at the SCO demonstration zone in Qingdao, Shandong province, sells local products including honey, nuts and dairy goods.

According to Jiaozhou Customs, international road freight through the demonstration zone has reached 973 trips since the first international road cargo route opened in September 2023. The transport volume totaled 15,000 tonnes, with cargo valued at about 700 million yuan.

About this summary

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.