From January to October this year, Huai'an City's total import and export value reached RMB 44.39 billion, marking a 25.2% year-on-year increase. Among this, exports amounted to RMB 34.79 billion, representing a 35.4% growth.
The traditional product market has experienced consolidation. As a leading industry, from January to October, the city's export of electromechanical products reached RMB 21.25 billion, a significant increase of 55.3%. Key traditional products, including auto parts, batteries, and printed circuit boards, were exported at values of RMB 3.76 billion, RMB 1.37 billion, and RMB 1.25 billion, reflecting year-on-year growths of 4.5%, 19.8%, and 78%, respectively. Additionally, labor-intensive products saw exports of RMB 6.05 billion, up 16% year on year, with textiles and apparel, plastic products, and footwear increasing by 17.2%, 44.6%, and 5.6%, respectively. In terms of imports, the expansion of major enterprises' production lines drove electronic component imports to RMB 2.6 billion, up 9.3%, while project construction boosted machine tool imports to RMB 500 million, showing a robust growth of 59.5%.
Diversified trade partners have made progress together. From January to October, the city's trade with traditional markets such as the EU and ASEAN totaled RMB 8.8 billion and RMB 7.91 billion, reflecting year-on-year increases of 37.6% and 45.5%, respectively. Trade with emerging markets, including India, the Middle East, and Africa, reached RMB 2.62 billion, RMB 2.02 billion, and RMB 1.4 billion, representing growth rates of 63.9%, 32.1%, and 12.5%. Trade with countries involved in the Belt and Road Initiative totaled RMB 19.4 billion, up 44.1%, indicating a strong upward trend.
The number of business entities has grown steadily. From January to October, the number of foreign trade enterprises in Huai'an with actual import and export performance reached 1,334, an increase of 15.2% year on year. Among these, private enterprises achieved an import and export value of RMB 31.96 billion, marking a 34.8% increase and accounting for 72% of the total trade. Additionally, foreign-invested enterprises reported an import and export value of RMB 11.7 billion, up 5.2%.