Statistics showed that jinan's import and export volume increased 15.7 percent year-on-year to 198.8 billion yuan ($28.52 billion) from January to November.

Its export volume hit 127.51 billion yuan, an increase of 24.4 percent year-on-year, while its import volume reached 71.29 billion yuan, an increase of 2.8 percent year-on-year.

During the first 11 months, the city's private companies achieved a total import and export volume of 124.04 billion yuan, an increase of 16 percent and accounting for 62.4 percent of the city's total.

During the same time period, the city's State-owned companies generated 38.8 billion yuan in import and export volume, while its foreign-invested companies' import and export volume reached 35.79 billion yuan with an increase of 7.3 percent year-on-year.

Statistics also showed Jinan's import and export volume with the Association of Southeast Asian Nations, Latin America, Africa and the United States totaled 46.47 billion yuan, 20.23 billion yuan, 15.69 billion yuan, and 15.68 billion yuan, respectively, with an increase of 43.7 percent, 16.3 percent, 17.2 percent, and 8 percent year-on-year.

In addition, Jinan's import and export volume with countries and regions involved in the Belt and Road Initiative grew 28.7 percent to 75.5 billion yuan, which accounted for 38 percent of the total.