Foreign trade sees consistent growth
2024-10-24 21:10:57
By Chen Si, Yichang Three Gorges International Communication Studio
In the first three quarters 2024, Yichang's foreign trade hit 33.11 billion yuan (around US$4.7 billion), up 11.4% year-on-year, with exports at 25.37 billion (near US$4 billion) and imports at 7.74 billion (over US$1billion).
Yichang's general trade import and export reached 27.33 billion yuan (near US$4 billion), up 13.6%. Processing trade totaled 2.16 billion yuan (US$0.3 billion), a 0.5% rise, while bonded logistics trade hit 1.64 billion yuan, up 2.5%.
Private enterprises contributed over 70% of Yichang's total trade, up 15.4%. State-owned enterprises generated 5.58 billion yuan (around US$0.7 billion), and foreign-invested enterprises accounted for 3.17 billion yuan (around US$0.4 billion).
The top three trading partners were ASEAN, with imports and exports of more than US$1 billion (up 39.7 percent), the European Union, with US$0.5 billion (up 21.3 percent), and the United States, with US$0.4 billion(30.5 percent).
Yichang's trade with Belt and Road countries reached 17.2 billion yuan (near US$2.5 billion, up 13.2%), making up 52% of total trade, while RCEP trade hit 11.5 billion yuan (close to US$1.7 billion, up 30.1%), accounting for 34.7%.
Key exports included electromechanical products, labor-intensive goods, and agricultural products. On the import side, major categories include agricultural goods, electromechanical products, and metal ores, with agricultural imports surging to US$0.2 billion, up 375.7%.
Imported dried and fresh fruits and nuts reached US$0.1 billion, a staggering 28.8 times increase. Electromechanical product imports also hit the same, while metallic ores totaled 630 million yuan(over US$88 million).
In the first three quarters 2024, Yichang's foreign trade hit 33.11 billion yuan (around US$4.7 billion), up 11.4% year-on-year, with exports at 25.37 billion (near US$4 billion) and imports at 7.74 billion (over US$1billion).
Yichang's general trade import and export reached 27.33 billion yuan (near US$4 billion), up 13.6%. Processing trade totaled 2.16 billion yuan (US$0.3 billion), a 0.5% rise, while bonded logistics trade hit 1.64 billion yuan, up 2.5%.
Private enterprises contributed over 70% of Yichang's total trade, up 15.4%. State-owned enterprises generated 5.58 billion yuan (around US$0.7 billion), and foreign-invested enterprises accounted for 3.17 billion yuan (around US$0.4 billion).
The top three trading partners were ASEAN, with imports and exports of more than US$1 billion (up 39.7 percent), the European Union, with US$0.5 billion (up 21.3 percent), and the United States, with US$0.4 billion(30.5 percent).
Yichang's trade with Belt and Road countries reached 17.2 billion yuan (near US$2.5 billion, up 13.2%), making up 52% of total trade, while RCEP trade hit 11.5 billion yuan (close to US$1.7 billion, up 30.1%), accounting for 34.7%.
Key exports included electromechanical products, labor-intensive goods, and agricultural products. On the import side, major categories include agricultural goods, electromechanical products, and metal ores, with agricultural imports surging to US$0.2 billion, up 375.7%.
Imported dried and fresh fruits and nuts reached US$0.1 billion, a staggering 28.8 times increase. Electromechanical product imports also hit the same, while metallic ores totaled 630 million yuan(over US$88 million).
