Based on the latest statistics from Huai'an Customs, the total value of imports and exports in Huai'an City reached RMB 25.2 billion in H1 2024, marking a YOY increase of 28.9%. Among them, exports amounted to RMB 19.7 billion, an increase of 33.3% compared to the same period last year, while imports reached RMB 5.5 billion, a YOY increase of 15.3%.

Exports of electromechanical and labor-intensive products have grown rapidly, and the scale of imported production equipment significantly increased. In the first half of this year, Huai'an exported electromechanical products worth RMB 11.92 billion, a YOY increase of 56.2%, accounting for 60.5% of total exports. Exports of labor-intensive products amounted to RMB 3.3 billion, representing a YOY growth of 12.8%. Additionally, steel exports reached RMB 400 million, marking a 59.7% increase compared to the same period last year; sports equipment exports were RMB 310 million, reflecting a YOY growth of 25.3%; and food exports totaled RMB 200 million, achieving a 38% YOY growth, with main exported products including candies, canned goods, and aquatic (marine) products. In the first half of this year, imports of semiconductor manufacturing equipment, measurement and testing instruments, and machine tools totaled RMB 1.73 billion, an increase of 53.5% year on year.

Traditional markets have continued to be consolidated, while emerging markets have shown positive growth momentum. In the first half of this year, Huai'an's imports and exports with the top three trading partners — the European Union, ASEAN, and the United States amounted to RMB 5.39 billion, RMB 4.34 billion, and RMB 2.61 billion respectively, representing a YOY increase of 50.4%, a YOY increase of 43.2% and a YOY decrease of 3.2% respectively. The foreign trade volume with the three partners accounted for 49% of the total. Imports and exports with emerging markets, including India, the Middle East, and Brazil, reached RMB 1.56 billion, RMB 1.13 billion, and RMB 1.11 billion, with YOY increases of 67.3%, 23.7%, and 95.7%, respectively, demonstrating rapid growth. Imports and exports with countries participating in the Belt and Road Initiative reached RMB 10.95 billion, a year-on-year increase of 47.6%, maintaining a strong development momentum.