Huancui District recorded a
gross domestic product of ¥37.603 billion in 2019, which grew at an annual increase of 3.2%. The district's
primary sector shrunk 1.1% in 2019, accounting for ¥3.028 billion, or 8.1% of the economy.
Aquaculture As of 2019, Huancui District has the largest
aquaculture sector in
Weihai, and the sector grew 10.7% that year. In 2019, the district's aquaculture sector attracted ¥3.173 billion of investment, and the district government began a collaboration with
Shandong University's Weihai Campus to promote industry research in the district.
Foreign trade The district conducts a significant amount of foreign trade, totaling ¥21.57 billion in 2019. Of this, 15.75 ¥billion was in exports, and ¥5.82 billion was in imports. In 2019, 18.4% of the district's exports were to
South Korea, 17.9% went to the
European Union, 17.3% went to
Japan, 13.1% went to the
United States, and the remaining 33.3% went to other trading partners. 43.1% of the district's exports in 2019 were
textiles and
apparel, 18.0% of the district's exports were
electronics and
machinery, 5.5% of the district's exports were agricultural goods, and the remaining 33.4% of exports were in other sectors. == References ==