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  Foreign Trade

 (1) Foreign Trade Conditions in Qingdao (2) US$100 million (3) Total Volume of Foreign Trade Total Export Volume Total Import Volume

 The total volume of foreign trade in Qingdao was US$12.36 billion in 2001, 43% of the total volume in Shandong Province. Qingdao has established economic and business relations with 188 countries and regions in the world.


Main Trading Countries(Regions
)                  Main Import and Export Commodities

Import

 Export

Import 

Export

Korea 

Japan

Equipment

 Garments

Japan

USA

Machinery

Shoes

USA

Korea 

Textiles

Equipment

Russia

Hong Kong 

Aquatic products

 Machinery

Taiwan

Germany 

Plastic products

Aquatic products

Germany

Great Britain

 

Chemical products

Containers

Hong Kong 

Holland

 

Steel products

Textiles

Italy

Denmark

Rubber products

Foodstuffs

Thailand

Russia

 

Mineral products

Boxes and bags

Singapore

Canada

Shoes

Chemical products

    Foreign Capital

   By the end of 2001, approved foreign invested projects totaled 11,351, involving contractual capital of US$18.777 billion and effected capital of US$9.687 billion. And approved foreign-related enterprises numbered 8,859, involving contractual capital of US$17.3 billion and effected capital of US$8.1 billion. 3,315 foreign-related enterprises in the city have commenced production, with a total of 350,000 employees. Presently, 69 countries and regions have invested in Qingdao, including (in the order of business volume) Hong Kong, Korea, USA, Taiwan, Japan, Singapore, Virgin Islands, Canada, Germany, and Australia.

Direct Foreign Investments

                         Unit: USD 100 mil .

Year

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

Number of Projects

63

140

755

1351

739

718

716

617

553

714

1128

1255

Contract Capital

0.7

1.5

11.0

17.8

12.0

14.7

16.3

7.2

9.8

17.3

26.6

30.1

Project Capital

0.5

0.5

2.0

4.0

6.1

5.9

7.4

8.4

7.3

9.2

13.1

16.0

     Economic and Technical Coop

  Economic and Technical Co-op

 By the end of 2001, a total of 25 enterprises had been granted the right for overseas operations in Qingdao.

 <> Overseas Investment: By the end of 2001, 66 overseas projects had been approved, involving a total investment of US$155.29 million. The projects include 22 processing and trade enterprises, involving a total investment of US$129.19 million; 12 production enterprises, involving a total investment of US$18.07 million; 30 trading companies, involving a total investment of US$6.25 million; 2 investment projects, involving a total of US$1.78 million.
 <> Overseas engineering contract, labour co-operation, design, and consultation: Qingdao has established economic and technological co-operation with 64 countries and regions.

 Overseas Engineering Contract, Labour Co-op, Design, and Consultation

 (1) Contractual volume (Unit: US$ 10,000)
 (2) Volume of Business (Unit: US$ 10,000)

 Agencies of Foreign Institutions

 By the end of 2001, a total of 1,549 agencies had been set up by foreign institutions from over 46 countries and regions.

    

   
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