The trade volume between China and other Shanghai Cooperation Organization (SCO) member states reached 247.7 billion U.S. dollars in the first half of this year, up 0.8 percent year on year, according to data from China's Ministry of Commerce.
China mainly exports mechanical and electrical products, automobiles and auto parts, clothing, and chemicals to other SCO member states, while importing mostly oil and gas, agricultural products, coal and mineral sands from them.
Over the past five years, the trade volume between China and other member states has successively exceeded 300 billion U.S. dollars, 400 billion U.S. dollars and 500 billion U.S. dollars, reaching a record high of 512.4 billion U.S. dollars in 2024, with a year-on-year growth of 2.7 percent.
Meanwhile, investment and economic and technological cooperation have been progressing steadily.
As of June this year, China's direct investment stock in other member states across all industries exceeded 40 billion U.S. dollars. Investment projects have gradually expanded from traditional fields such as energy and minerals, metallurgy and chemical engineering, and infrastructure construction to emerging fields including digital economy and green development.
Chinese enterprises have been implementing clean energy projects such as wind, solar, hydropower and energy storage in these countries, accelerating cooperation in areas like 5G, the internet and smart cities, and facilitating the transformation and upgrading of local traditional industries.
China-SCO trade hits 247.7 billion US dollars in H1
China-SCO trade hits 247.7 billion US dollars in H1
