China, Arab countries trade volume hits $244 billion in 2018

Beijing, Trade between China and Arab countries grew 28 percent last year to $ 244.3 billion, according to official Chinese data.

China’s imports from Arab countries last year totaled $139.4 billion, while China’s exports to Arab countries reached $104.9 billion dollars, the Ministry of Commerce said in its latest data released Saturday.

Chinese companies set up new projects in Arab countries worth $ 35.6 billion in 2018, an increase of 9 percent year-on-year, while businesses value reached $ 27.8 billion, the ministry said.

China has invested $ 1.2 billion in all sectors in Arab countries over the past year.

Source: Jordan News Agency