Shandong Huaxing Import & Export Co Ltd’s trade volume hit $340 million in 2011, ranking 185th among China’s foreign trade companies, according to China’s Top 500 Foreign Trade Enterprises 2012 published by the Statistical Society of Foreign Economic Relations and Trade of China under the Ministry of Commerce.
The Ministry of Commerce (formerly known as the Ministry of Foreign Trade and Economic Cooperation) initiated the annual ranking of China’s top 500 foreign trade enterprises, based on trade volume, in 1990. The ranking mirrors the development of China’s foreign trade companies through the years and accentuates contributions made by the listed companies to the country’s foreign trade.
As the only foreign trade company affiliated to ChemChina, Huaxing Import & Export has been developed rapidly as a result of trade volume growth. The company was also ranked in the top 500 list in 2011.