In the first 8 months, the import and export of Shandong Province increased by 4.7%

According to Qingdao Customs statistics, in the first eight months of 2026, Shandong Province's imports and exports amounted to 2.43 trillion yuan, a year-on-year increase of 4.7%. Among them, exports amounted to 1.46 trillion yuan, an increase of 2.8%; Imports amounted to 976.66 billion yuan, an increase of 7.5%.

In August, the import and export of Shandong Province reached 309.16 billion yuan, an increase of 7.7%, accounting for 6.7% of the total import and export value of the country during the same period. Among them, exports amounted to 193.08 billion yuan, an increase of 10.4%; Imports amounted to 116.08 billion yuan, an increase of 3.5%.

The main characteristics of Shandong's foreign trade imports and exports in the first 8 months are:

The import and export of 9 cities in the province have increased, with Jinan, Dongying, and Zibo achieving double-digit growth. In the first 8 months, 9 cities in the province maintained growth in imports and exports, with Qingdao's imports and exports reaching 637.61 billion yuan, an increase of 6.5%, accounting for 26.2% of the province's total import and export value. Jinan, Dongying, and Zibo achieved double-digit growth, with growth rates of 24.9%, 16.7%, and 10.1%, respectively.

The proportion of general trade exceeds 60%, and bonded logistics is growing rapidly. In the first 8 months, the general trade import and export of Shandong Province reached 1.53 trillion yuan, an increase of 0.3%, accounting for 63.1% of the province's total import and export value. During the same period, the import and export of bonded logistics reached 468.14 billion yuan, an increase of 22%; The import and export of processing trade reached 363.09 billion yuan, an increase of 4%.

The import and export growth of private and state-owned enterprises. In the first 8 months, the import and export of private enterprises in Shandong Province reached 1.87 trillion yuan, an increase of 6.2%, 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 344.73 billion yuan, a decrease of 2.5%; The import and export of state-owned enterprises reached 219.03 billion yuan, an increase of 3.5%.

Maintain growth in imports and exports to ASEAN and Russia. In the first 8 months, among the major trading markets, Shandong Province's imports and exports to ASEAN and Russia were 472.46 billion yuan and 233.29 billion yuan, respectively, an increase of 4.9% and 47.5%. Over the same period, the import and export to countries jointly building the "the Belt and Road" reached 1.56 trillion yuan, an increase of 4.2%, accounting for 64% of the total import and export value.

The "new three types" and the significant growth rate of steel exports. In the first 8 months, the export of "new three types" products in Shandong Province reached 11.74 billion yuan, an increase of 27.7%. Among them, the export of electric vehicles was 6.71 billion yuan, an increase of 20.2%; The export of lithium-ion batteries reached 3.58 billion yuan, an increase of 40.1%; The export of photovoltaic products reached 1.44 billion yuan, an increase of 37.6%. During the same period, the export of agricultural products, basic organic chemicals, and steel reached 114.05 billion yuan, 60.31 billion yuan, and 48.32 billion yuan, respectively, with an increase of 5.5%, 19%, and 33.6%.

The import of crude oil, metal ore, and agricultural products has increased. In the first 8 months, Shandong Province imported crude oil worth 293.02 billion yuan, an increase of 8.9%, accounting for 30% of the province's total import value. During the same period, the import of metal ore sand reached 2016.0 billion yuan, an increase of 10%. Among them, iron ore, copper ore, and precious metal ore were imported at 73.45 billion yuan, 47.08 billion yuan, and 32.68 billion yuan, respectively, with an increase of 29.2%, 9.1%, and 26.7%. In addition, the import of agricultural products reached 109.12 billion yuan, an increase of 7.7%. Among them, the import of edible aquatic products reached 23.89 billion yuan, an increase of 24.5%.