Shandong Province's imports and exports increased by 4.3% in the first 7 months

According to Qingdao Customs statistics, in the first seven months of 2026, Shandong Province's imports and exports amounted to 2.12 trillion yuan, a year-on-year increase of 4.3%. Among them, exports amounted to 1.26 trillion yuan, an increase of 1.8%; Imports amounted to 860.75 billion yuan, an increase of 8.1%.

In July, the import and export of Shandong Province reached 314.78 billion yuan, an increase of 2.8%. Among them, exports amounted to 192.18 billion yuan, an increase of 1%; Imports amounted to 122.6 billion yuan, an increase of 5.6%.

The main characteristics of imports and exports in Shandong Province in the first 7 months are:

Firstly, the import and export of 9 cities in the province have increased, with Jinan, Dongying, and Weifang achieving double-digit growth. In the first seven months, 9 cities in Shandong Province maintained growth in imports and exports, with Qingdao's imports and exports reaching 554.87 billion yuan, an increase of 6.4%, accounting for 26.1% of the province's total import and export value. Jinan, Dongying, and Weifang achieved double-digit growth, with growth rates of 27%, 15.8%, and 10.3%, respectively.

Secondly, the proportion of general trade exceeds 60%, and bonded logistics is growing rapidly. In the first seven months, Shandong Province's general trade imports and exports amounted to 1.33 trillion yuan, a decrease of 0.7%, accounting for 62.6% of the province's total import and export value. During the same period, the import and export of bonded logistics reached 415.56 billion yuan, an increase of 21.4%; The import and export of processing trade amounted to 315.24 billion yuan, an increase of 6.1%.

The third is the growth of imports and exports of private and state-owned enterprises. In the first seven months, the import and export of private enterprises in Shandong Province reached 1.63 trillion yuan, an increase of 5.3%, accounting for 76.8% of the province's total import and export value. During the same period, the import and export of foreign-invested enterprises amounted to 300.94 billion yuan, a decrease of 1.5%; The import and export of state-owned enterprises reached 191.27 billion yuan, an increase of 4.5%.

The fourth is to maintain growth in imports and exports to ASEAN and Russia. In the first seven months, among the major trading markets, Shandong Province's imports and exports to ASEAN and Russia were 413.54 billion and 2007.6 billion yuan, respectively, an increase of 4.3% and 44%. Over the same period, the import and export to countries jointly building the "the Belt and Road" totaled 1.36 trillion yuan, up 3.8%, accounting for 64% of the total import and export value.

The fifth is the "new three types" and the significant growth rate of steel exports. In the first seven months, the export of "new three types" products in Shandong Province reached 9.3 billion yuan, an increase of 26%. Among them, the export of electric vehicles was 5.75 billion yuan, an increase of 22.4%; The export of lithium-ion batteries reached 2.24 billion yuan, an increase of 23.4%; The export of photovoltaic products reached 1.31 billion yuan, an increase of 50.6%. In addition, exports of agricultural products, basic organic chemicals, and steel reached 98.95 billion yuan, 52.89 billion yuan, and 42.35 billion yuan, respectively, an increase of 4.6%, 19.4%, and 33.7%.

Sixth, the import value of crude oil, metal ores, and agricultural products has increased. In the first seven months, Shandong Province imported crude oil worth 256.88 billion yuan, an increase of 7%, accounting for 29.8% of the province's total import value. During the same period, metal ore imports amounted to 179.36 billion yuan, an increase of 13.2%. Among them, iron ore, copper ore, and precious metal ore were imported at 65.15 billion yuan, 41.74 billion yuan, and 29.39 billion yuan, respectively, with an increase of 36.9%, 8.4%, and 37.8%. In addition, the import of agricultural products reached 95.94 billion yuan, an increase of 10.1%. Among them, the import of edible aquatic products reached 21.02 billion yuan, an increase of 26.5%.