Huai'an China News and Events
Huai'an's Import and Export Volume of Foreign Trade Reached RMB 39.35 Billion in the First Three Quarters
time:2024-10-29

In the first three quarters, Huai'an achieved a foreign trade value of RMB 39.35 billion, with a year-on-year increase of 25.4%, which is 20 and 18 percentage points higher than the national and provincial averages, respectively. Among them, the export value of foreign trade was RMB 30.6 billion, marking a growth of 32.4%.

By product, the export value of electromechanical products was RMB 18.65 billion, marking an increase of 52.1%, accounting for 60.9% of total exports. Among them, the export value of solar cells was RMB 6.09 billion, up 341.6%, contributing 62.8% to the export growth; the export value of traditional advantageous products such as auto parts, storage batteries, and printed circuits was RMB 3.42 billion, RMB 1.24 billion and RMB 1.07 billion, up 4.8%, 19.8%, and 83.5% respectively.

In terms of regions, Huai'an's imports and exports with the top three trading partners — the European Union, ASEAN, and the United States amounted to RMB 9.04 billion, RMB 6.8 billion, and RMB 3.89 billion, up 42.1%, 40.9% and -5.1% respectively; imports and exports with emerging markets, including India and Brazil, reached RMB 2.26 billion and RMB 1.68 billion, with increases of 53.8% and 77.5% respectively; imports and exports with countries participating in the Belt and Road Initiative reached RMB 13.58 billion, an increase of 43.3%.