Officers from Jining Customs check frozen chip waiting for export. Photo: Courtesy of Jining Customs

 

The volume of frozen potato chip exports from Ulanqab in North China's Inner Mongolia Autonomous Region to neighboring Mongolia saw a significant rise in the first 10 months of 2024, as local foreign trade companies expressed optimism about growing bilateral business.

From January to October, frozen potato chip exports to Mongolia cleared by customs reached 755.24 tons, a rise of 473.37 percent year-on-year, with an export value of $992,700, up 450.28 percent, the Global Times learned from the Jining Customs in Inner Mongolia on Tuesday.

Zhan Renjie, a representative of Kaida Hengye Agricultural Technology Co, one of Ulanqab's frozen chip exporters, told the Global Times on Tuesday that the company's export volume to Mongolia has shown a steady upward trend since the beginning of 2024. 

"Our export volume of frozen potato chips to Mongolia has consistently ranged from two to three 40-foot containers per month since the beginning of this year, with each container carrying approximately 25 tons of goods," said Zhan. 

Although trade with Mongolian clients accounts for a relatively small portion of the company's total foreign trade, exports to Mongolia in the first 10 months of 2024 increased by 66 percent year-on-year, said Zhan. 

This year marks the 75th anniversary of the establishment of China-Mongolia diplomatic relations. In the first three quarters, bilateral trade reached $13.83 billion, up 14.8 percent year-on-year, and exports from China to Mongolia saw a 39.8 percent increase to $3.49 billion, according to data from China's General Administration of Customs.