Harbin’s international trade boom continues

Since China’s reform and opening-up in 1978, Harbin has experienced a boom in international trade, with the city now enjoying trade links with 146 countries and regions.

Trade scale continues expanding

Harbin’s general imports and exports in 2018 were valued at 20.97 billion yuan. Among which, the total export value increased to 10.35 billion yuan from $90 million in 1987. The total value of imports increased to 10.62 billion yuan from $30 million in 1987.

The export structure has gradually changed from primary and low value-added products, such as agricultural and light textile products, to high value-added products such as electromechanical and high-tech products.

Attract more foreign investment

In 2018, Harbin’s actual use of foreign capital was $3.65 billion. Among which, direct use of foreign capital reached $310 million, a year-on-year decrease of 26.1 percent; non-direct use of foreign capital of $3.34 billion, a year-on-year increase of 10.6 percent.

Tourism industry booms

Harbin received 85.68 million tourists from home and abroad in 2018, about 9.3 times more than the 9.20 million tourists who visited in 2000.

Tourism revenues increased to 137.6 billion yuan in 2018; and inbound tourism generated a revenue of $118.17 million.

The tourism industry has become one of the driving forces of economic development in Harbin.

Diversifying trade markets

As of 2018, Harbin had established economic and trade ties with 146 countries and regions, with its main trade partners located in Russia, Europe, Southeast Asia and North America.