According to the latest statistics from Huai'an Customs, the total import and export value of Huai'an City in January-February this year reached RMB 8.82 billion, marking a year-on-year increase of 14%. Among this, exports amounted to RMB 7.02 billion, up 15.9%, while imports were RMB 1.8 billion, increasing by 7.3%. The total import and export value set a new historical record, achieving a "good start" for foreign trade in the new year, thereby laying a solid foundation for stable growth in foreign trade throughout the year.
Electromechanical products, labor-intensive products, and chemicals are the three major advantageous industries in Huai'an's foreign trade, collectively accounting for over 80% of foreign trade. In January-February, the export of electromechanical products reached RMB 4.2 billion, an increase of 13%, representing 59.8% of total exports. The national subsidies have stimulated a rebound in the consumer electronics market, promoting the export of electronic products such as mobile phone parts and printed circuit boards to RMB 1.05 billion, a growth of 66%. Strategic emerging industry products, referred to as new energy vehicles, lithium batteries, and solar cells, exported RMB 1.1 billion, accounting for 15.7% of total exports. The export of automobile tires reached RMB 480 million, up 18.6%. Labor-intensive products such as textiles, clothing, and furniture are characterized by their high quality and competitive pricing, with a stable market. In January-February, exports of these products totaled RMB 1.32 billion, representing a growth of 27.3%. An upturn in orders and rising prices drove the export of chemical products to RMB 630 million, an increase of 17.5%. Investment in key projects boosted the import of machine tools and measurement and testing analyzers to RMB 130 million, up 134.5%.
The ASEAN, EU, and the US are the top three trading partners for Huai'an City. In January-February, the total import and export value with ASEAN stood at RMB 1.59 billion, an increase of 7.1%, with notable growth in the export of electronic products and auto parts. Trade with the US reached RMB 940 million, up 16.3%, with rubber tires, labor-intensive products, and food being particularly well-received. During the same period, Huai'an's import and export volume with Belt and Road partner countries reached RMB 3.97 billion, a growth of 8%, accounting for 45% of total trade.