In the first quarter of 2024, the export value of major high-end equipment in Shandong grew by 36.5% to 21.27 billion yuan. The exports of Shandong's shipbuilding, agricultural machinery, aviation equipment, engineering machinery, medical equipment, machine tools and rail transit equipment rose by 168.6%, 28.2%, 17.3%, 12.1%, 8.7%, 5.3% and 4.8% respectively.

In addition, Shandong's high-end equipment has been exported to more than 200 countries and regions around the world. Specifically, Shandong's export value to the EU, Hong Kong (China), the United States and Australia grew by 164%, 741.8%, 13.1% and 25.8% respectively. During the same period, its export value to Africa, Latin America and India rose by 82.5%, 29.7% and 23.3% respectively. It can be seen that Shandong is making steady progress in developing emerging markets with great potential for export growth.

Shandong's commerce authorities at the provincial and municipal levels have organized more than 3,000 enterprises to participate in major exhibition activities at home and abroad this year, with exports to emerging markets such as ASEAN, Latin America and Africa up by more than 20%. Shandong's foreign trade with the countries that have contributed to the development of the Belt and Road Initiative amounted to 440.39 billion yuan, registering a year-on-year increase of 6% and accounting for 57.2% of Shandong's total foreign trade value.