Shandong Petroleum Equipment Exports 220 Million U.S. Dollars

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According to the Shandong Provincial Department of Commerce, as of the end of March, Shandong's petroleum equipment products exported 220 million U.S. dollars, an increase of 78.8%; of which oil drilling machine exports accounted for 84.66 million U.S. dollars, an increase of 1.1 times, and petroleum pipe exports accounted for 13.94 million U.S. dollars, an increase of 63.4%.

According to the data, in the first quarter of this year, Shandong exported mainly to the general trade, with exports amounting to 200 million U.S. dollars, an increase of 81.9%, accounting for 90.8% of all exports. The export of private enterprises has played a significant role. Private enterprises exported 140 million U.S. dollars, an increase of 1.5 times, and boosted export growth by 67.9 percentage points. The Middle East is the largest export market, exporting 70 million US dollars to the Middle East, an increase of 1.6 times; exports to Venezuela, the United States and Canada, respectively, 42.8 million, 22.5 million and 15.5 million US dollars, respectively, an increase of 7.8 times, 24.4% and 14.2%.

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