Tibet posts double-digit foreign trade growth
(Xinhua)
Updated: 2005-03-06 10:43

Foreign trade in West China's Tibet Autonomous Region amounted to US$223.53 million in 2004, surpassing the 200-billion-US-dollar mark for the first time and representing a year-on-year growth of 38.72 percent, according to local authorities of commerce.

The total included US$130.1 million in exports, up 6.92 percent year-on-year and US$93.45 million in imports, up 136.7 percent, the local commerce authorities said.

Of the exports, US$27.72 million, or 21.3 percent, came from products made in Tibet, up 110.47 percent over the year-earlier level, the commerce authorities said.

In another development, the autonomous region approved establishment of 12 foreign-invested projects last year. It absorbed US$32.41 million in contracted foreign capital and actually used US$26.99 million, up 273 percent and 478 percent respectively year-on-year, the local commerce authorities said.

Close