In Q1 this year, Huai'an's total import and export value reached RMB 13.62 billion, an increase of 12.3% year on year. The export amount was RMB 11.06 billion, representing a 16.4% growth.

The market for advantageous industries remained stable. As a traditional advantageous industry in Huai'an City, mechanical and electrical products boasted remarkable export performance—the export amount reached RMB 6.63 billion in Q1, an increase of 12.8% and accounting for 60% of the total export value. The market continues to consolidate. The recovery of the consumer electronics market promoted the export of electronic products, such as mobile phone parts and printed circuit boards, to RMB 1.62 billion, an increase of 56.7%. The export of automobile tires was RMB 710 million, an increase of 4.6%. The export of labor-intensive products amounted to RMB 2.07 billion, a year-on-year increase of 37.1%. Notably, exports of textiles and clothing, plastic products, and furniture and their parts increased by 32.5%, 32.5%, and 55.7%, respectively. In Q1, driven by increased orders, imports of electronic components, such as integrated circuits, amounted to RMB 770 million, up 57.1%. Large-scale project production line construction drove imports of machine tools and metrology, testing, and analysis instruments to RMB 250 million, up 101.6%.

Diversified trade partners have made progress together. The ASEAN, EU, and the US are the top three trading partners for Huai'an City. In Q1, Huai'an's imports and exports with ASEAN reached RMB 2.52 billion, up 12.3%, accounting for 20% of foreign trade. The export amount was RMB 2 billion, an increase of 70.5%. The export products covered many major industrial types, such as electronics, textiles, battery parts, photovoltaics, chemicals, automotive parts, and steel products. In Q1, Huai'an's imports and exports with the US amounted to RMB 1.37 billion, an increase of 7.8% and accounting for 10% of the total foreign trade. The export amount was RMB 1.29 billion, an increase of 14.9%. The export situation of rubber tires, plastic products, clothing, and food was good. During the same period, Huai'an's import and export volume with the Belt and Road partner countries reached RMB 6.24 billion, a growth of 5%. The market remained diverse with a substantial expansion.