Yichang foreign trade exceeds 40 billion yuan
2023-01-31 18:01:28
By Ma Yuhan, Yichang International Communication Studio
Yichang's annual foreign trade value hit a new record in 2022, as shown Tuesday by official data.
Last year, the total foreign trade value reached 41.47 billion yuan (US$6.13 billion), exceeding 40 billion yuan for the first time. Exports rose 19.2 percent from the previous year to 36.59 billion yuan, and imports rose 55.8 percent to 4.88 billion yuan.
In 2022, Yichang rolled out a series of policies aimed at bolstering growth.
Yichang's trade with ASEAN, India, and the European Union, the city’s top three trading partners, reached 7.02 billion yuan, 4.8 billion yuan, and 4 billion yuan, respectively.
Yichang’s trade with emerging markets also saw significant growth. Imports and exports with Latin America and Africa increased by 71 percent and 103.4 percent, respectively. Trade with countries participating in the Belt and Road Initiative climbed 33.5 percent, while trade with member economies of the Regional Comprehensive Economic Partnership (RCEP) rose 35.6 percent.
Yichang's foreign trade continues to remain stable with private enterprises in the spotlight this past year as their trade value jumped 18 percent to hit 26.59 billion yuan.
Organic chemicals, which make up nearly 13 percent of all of Yichang’s exports, jumped 63 percent to 4.71 billion yuan. Additionally, high-tech product exports grew nearly 22 percent to 4.5 billion yuan.
Yichang's annual foreign trade value hit a new record in 2022, as shown Tuesday by official data.
Last year, the total foreign trade value reached 41.47 billion yuan (US$6.13 billion), exceeding 40 billion yuan for the first time. Exports rose 19.2 percent from the previous year to 36.59 billion yuan, and imports rose 55.8 percent to 4.88 billion yuan.
In 2022, Yichang rolled out a series of policies aimed at bolstering growth.
Yichang's trade with ASEAN, India, and the European Union, the city’s top three trading partners, reached 7.02 billion yuan, 4.8 billion yuan, and 4 billion yuan, respectively.
Yichang’s trade with emerging markets also saw significant growth. Imports and exports with Latin America and Africa increased by 71 percent and 103.4 percent, respectively. Trade with countries participating in the Belt and Road Initiative climbed 33.5 percent, while trade with member economies of the Regional Comprehensive Economic Partnership (RCEP) rose 35.6 percent.
Yichang's foreign trade continues to remain stable with private enterprises in the spotlight this past year as their trade value jumped 18 percent to hit 26.59 billion yuan.
Organic chemicals, which make up nearly 13 percent of all of Yichang’s exports, jumped 63 percent to 4.71 billion yuan. Additionally, high-tech product exports grew nearly 22 percent to 4.5 billion yuan.
Poster produced by Ma Xiaofan
