From January to July, the total import and export value of the region reached 547.58 million US dollars, a year-on-year increase of 36%, of which 453.36 million US dollars were exported, a year-on-year increase of 36.3%; foreign direct investment reached 14.776 million US dollars, a year-on-year increase of 181.4%.
The leading role of key export industries is obvious. The export of petroleum equipment, new energy, fine chemical industry and precision casting industry reached US $166 million, US $160 million, US $70 million and US $26 million, respectively. The export of the four traditional industries accounted for 92% of the total export of the whole region, with an obvious backbone driving role.
The export force has further grown. Up to now, there are 247 enterprises with import and export business qualification in the whole region, including 106 enterprises with import and export performance and 31 Enterprises with import and export over one million US dollars. The gradual growth of import and export team has laid a solid foundation for the expansion of the total import and export volume of the whole region.
The export of petroleum equipment industry continues to maintain a high-level trend. The export of petroleum equipment industry reached US $166 million, a year-on-year increase of 76.4%, among which the export of Kerui, freit and Shengji reached US $88.49 million, US $35.1 million and US $15.79 million, a year-on-year increase of 60.6%, 136.8% and 762.8% respectively.
The export of mechanical and electrical products grew rapidly. The electromechanical export of the whole region is 390 million US dollars, accounting for 86% of the total export volume of the whole region. It has become an important force to promote the export growth of the region and the biggest highlight of the city's export.
Key foreign investment projects have been successfully promoted. We should innovate the mode of foreign investment, focus on the key industries such as petroleum equipment, service industry, new energy, etc., take the backbone enterprises as the investment promotion carrier, and make use of foreign investment to present a good development trend of increasing quantity and quality. Dongying Boao Qi new materials Co., Ltd. has introduced us $12.3 million of foreign capital into the joint venture project, which has become the largest actual foreign capital utilization project in the city so far this year; Dongying Kangcheng RT Mart Business Co., Ltd. has invested US $1.68 million in foreign capital; SK group of South Korea has invested US $1 billion in modern service industry base project, and Cameron company of the United States has invested US $50 million in Kerui shale gas treatment plant project At present, the project is progressing smoothly, and it is expected to start the approval and registration in the second half of the year. The promotion and implementation of these projects reserve strength for the next step of the region's utilization of foreign capital.