The import and export of Huai'an From January to October this year totaled 27.01 billion yuan, a year-on-year increase of 1.1%. The export and import reached 19.16 billion yuan and 7.85 billion yuan, increasing by 0.1% and 3.6%, respectively. The import and export in October reached 3.82 billion yuan, up 47.4% year-on-year, including 2.23 billion yuan of export, an increase of 20.8%, and 1.59 billion yuan of import, an increase of 112.7%.
The international trade in the first quarter fluctuated to a great extent due to the influence of Covid-19. As the situation of the pandemic prevention started to improve in May in China, the enterprises strived to resume their work and production. In addition, the government of Huai'an made a series of policies to stabilize foreign trade. The effect of these policies can be felt now. The monthly volume of import and export has increased for six consecutive months. The import and export value in October reached 3.82 billion yuan, a record high in the history of Huai'an in a single month.
The electronic information industry has maintained fast development, and the export of labor-intensive industries has also been stabilized. The electronic information industry, as a major export-oriented industry in Huai'an, is the main driving force to reverse the downward trend of foreign trade. From January to October, the import and export volume of six major electronic information enterprises, such as Qingding Precision Electronics, Fuyu Electronic Technology, Honghengsheng Electronic Technology, and Nepes, accounted for 28% of the total import and export volume of Huai'an, contributing 413% to the growth of the foreign trade. The export of six traditional labor-intensive products, including textiles and clothing, plastic products, furniture and parts, toys, shoes and bags, and containers, from January to October reached 4.81 billion yuan, a year-on-year increase of 0.8%.