Erenhot Port, the largest land port between China and Mongolia, posted a record trade value of 12.98 billion yuan (about $1.86 billion U.S. dollars) from January to April 2023, up 105.3 percent year on year.
The port handled a total of 1,009 inbound and outbound China-Europe freight trains, loading 115,900 twenty-foot equivalent unit (TEU) containers with a total weight of 1.06 million tonnes of cargo and valuing 2.28 billion U.S. dollars, during the same period.
Imports of the land port totaled 7.89 billion yuan, up 107.4 percent year on year, while exports reached 5.09 billion yuan, up 102.2 percent year on year.
The local customs authorities said it has been making efforts to streamline customs clearance procedures, which has helped to boost trade through the port.
The strong performance of Erenhot Port is a sign of the growing economic ties between China and Mongolia. The port is an important part of the China-Mongolia-Russia economic corridor, which is a key part of China’s Belt and Road Initiative.
The growth of trade through Erenhot Port is also a boon to the local economy. The port has created thousands of jobs and has helped to boost economic growth in the region.
The strong performance of Erenhot Port is a positive sign for the future of trade between China and Mongolia. The port is well-positioned to play a key role in the development of the China-Mongolia-Russia economic corridor and the Belt and Road Initiative.