In the first five months, the import and export of Shandong Province increased by 3.3%

According to Qingdao Customs statistics, in the first five months of 2026, Shandong Province's imports and exports amounted to 1.47 trillion yuan, a year-on-year increase of 3.3%. Among them, exports amounted to 855.46 billion yuan, a decrease of 0.9%; Imports amounted to 616.78 billion yuan, an increase of 9.6%.

In May, the import and export of Shandong Province reached 300.16 billion yuan, an increase of 1.2%, accounting for 6.7% of the total import and export value of the country during the same period. Among them, exports amounted to 179.82 billion yuan, a decrease of 2.7%; Imports amounted to 120.34 billion yuan, an increase of 7.6%.

The main features are:

Firstly, the import and export of 8 cities in the province have increased, with Jinan and Dongying achieving double-digit growth. In the first five months, 8 cities in the province maintained growth in imports and exports, with Qingdao's imports and exports reaching 383.62 billion yuan, an increase of 4.2%, accounting for 26.1% of the province's total import and export value. Jinan and Dongying achieved double-digit growth, with growth rates of 28.9% and 17.4% respectively.

Secondly, the proportion of general trade exceeds 60%, and bonded logistics is growing rapidly. In the first five months, Shandong Province's general trade imports and exports amounted to 909.59 billion yuan, a decrease of 2.8%, accounting for 61.8% of the total import and export value. During the same period, the import and export of bonded logistics reached 310.47 billion yuan, an increase of 27.6%; The import and export of processing trade reached 212.43 billion yuan, an increase of 4.8%.

Thirdly, the proportion of imports and exports of private enterprises has increased and maintained growth. In the first five months, the import and export of private enterprises in Shandong Province reached 1.14 trillion yuan, an increase of 4.8%, accounting for 77.3% of the total import and export value. During the same period, the import and export of foreign-funded enterprises reached 206.19 billion yuan, a decrease of 1.8%; The import and export of state-owned enterprises amounted to 126.39 billion yuan, a decrease of 2.1%.

The fourth is to maintain growth in imports and exports to ASEAN and Russia. In the first five months, among the major trading markets, Shandong Province's imports and exports to ASEAN and Russia were 291.81 billion yuan and 147.81 billion yuan, respectively, an increase of 3.5% and 46.9%. Over the same period, the import and export to countries jointly building the "the Belt and Road" reached 955.89 billion yuan, up 4.4%, accounting for 64.9% of the total import and export value.

The fifth is that the export growth rate of the "new three types" is relatively fast. In the first five months, the export of "new three types" products in Shandong Province reached 6.11 billion yuan, an increase of 27.7%. Among them, the export of electric vehicles was 3.7 billion yuan, an increase of 16%; The export of lithium-ion batteries reached 1.3 billion yuan, an increase of 28.8%; The export of photovoltaic products reached 1.11 billion yuan, an increase of 89.3%. In addition, agricultural products, basic organic chemicals, and steel exports amounted to 69.88 billion yuan, 37.57 billion yuan, and 30.4 billion yuan, respectively, with growth rates of 4.2%, 19.3%, and 33.2%.

Sixth, the import value of crude oil and metal ore has achieved double-digit growth. In the first five months, Shandong Province imported crude oil worth 200.29 billion yuan, an increase of 16.2%, accounting for 32.5% of the total import value. During the same period, metal ore imports amounted to 131.35 billion yuan, an increase of 16.9%. Among them, iron ore, copper ore, and precious metal ore were imported at 46.58 billion yuan, 32.95 billion yuan, and 20.56 billion yuan, respectively, with an increase of 39.9%, 24.7%, and 31.6%. In addition, the import of agricultural products reached 63.84 billion yuan, an increase of 3.7%. Among them, edible aquatic products amounted to 15.15 billion yuan, an increase of 32.2%.