Foreign trade grows 10% in first 11 months
2024-12-26 21:12:11
By Chen Si, Yang Jing, Huang Qian also contributed to this article.
Yichang's foreign trade imports and exports amounted to 43.56 billion yuan in the first 11 months of 2024.
Yichang's foreign trade has achieved remarkable growth in the first 11 months of 2024, totaling 43.56 billion yuan (near US$5.97 billion), up 10 percent year-on-year, with exports at 34.56 billion yuan and imports at 9 billion yuan.
Within this period, Yichang's general trade imports and exports reached 37.08 billion yuan, representing a 13.8 percent increase year-on-year.
Private companies were the main drivers of this growth, contributing 32.23 billion yuan in foreign trade, a year-on-year increase of 10.5 percent. State-owned enterprises generated 7.26 billion yuan, and foreign-invested enterprises accounted for 4.07 billion yuan.
ASEAN emerged as Yichang's top trading partner, with trade totaling 9.79 billion yuan, up 40.1 percent. The EU and United States followed, with trade volumes of 4.49 billion yuan (up 14.5 percent) and 3.96 billion yuan (up 41.2 percent), respectively. Additionally, trade with Belt and Road Initiative countries reached 23.72 billion yuan, while trade with other RCEP members totaled 15.04 billion yuan, both showing significant year-on-year increases.
Electromechanical products led the exported product categories, with a total value of 6.83 billion yuan. Labor-intensive products and agricultural products followed with values of 4.5 billion yuan and 3.24 billion yuan, respectively. On the import side, agricultural products dominated, with a value of 1.86 billion yuan. Electromechanical products and metal ores also played significant roles, with values of 1.4 billion yuan and 660 million yuan, respectively. Notably, imports of dried and fresh fruits and nuts increased by a staggering 708.9 percent.
Yichang's foreign trade imports and exports amounted to 43.56 billion yuan in the first 11 months of 2024.
Yichang's foreign trade has achieved remarkable growth in the first 11 months of 2024, totaling 43.56 billion yuan (near US$5.97 billion), up 10 percent year-on-year, with exports at 34.56 billion yuan and imports at 9 billion yuan.
Within this period, Yichang's general trade imports and exports reached 37.08 billion yuan, representing a 13.8 percent increase year-on-year.
Private companies were the main drivers of this growth, contributing 32.23 billion yuan in foreign trade, a year-on-year increase of 10.5 percent. State-owned enterprises generated 7.26 billion yuan, and foreign-invested enterprises accounted for 4.07 billion yuan.
ASEAN emerged as Yichang's top trading partner, with trade totaling 9.79 billion yuan, up 40.1 percent. The EU and United States followed, with trade volumes of 4.49 billion yuan (up 14.5 percent) and 3.96 billion yuan (up 41.2 percent), respectively. Additionally, trade with Belt and Road Initiative countries reached 23.72 billion yuan, while trade with other RCEP members totaled 15.04 billion yuan, both showing significant year-on-year increases.
Electromechanical products led the exported product categories, with a total value of 6.83 billion yuan. Labor-intensive products and agricultural products followed with values of 4.5 billion yuan and 3.24 billion yuan, respectively. On the import side, agricultural products dominated, with a value of 1.86 billion yuan. Electromechanical products and metal ores also played significant roles, with values of 1.4 billion yuan and 660 million yuan, respectively. Notably, imports of dried and fresh fruits and nuts increased by a staggering 708.9 percent.
