Huai'an China News and Events
2020 Huai'an Total Import and Export Trade Hit a Record High
time:2021-01-21

According to Huai'an Customs statistics, the city’s total import and export trade hit a record high and achieved 34.44 billion RMB in 2020, an increase of 6.2% year-on-year.

From February to April 2020, the epidemic outbreak brought upheavals to Huai'an import and export trade. From May onwards, as enterprises resumed their work and production, and pillar industries in foreign trade such electronic information continued to power, the monthly import and export trade began to grow and achieved eight consecutive increases. In December it has reached 3.89 billion yuan, a single-month record high.

The annual import and export of eight major electronic products production and logistics enterprises in Huai'an, such as Qingding, Fuyu and Honghengsheng, was 10.96 billion yuan, an increase of 30% year-on-year. It accounts for 31.8% of the city's total foreign trade, thus becoming the main driving force of the city's import and export growth. At the same time, the global epidemic has promoted the export of medical supplies, consumer goods and agrochemical products. Last year, Huai'an exports of pesticides & insecticides, sporting goods & equipment and masks & protective clothing reached 910 million yuan (up 79.8%), 890 million yuan (up 51.3%), and 560 million yuan respectively. Among all the electronic products, the export of keyboards was 160 million yuan, a growth of 224.7%.

In 2020, there were 1,046 active foreign trade enterprises in the city, an increase of 60 over the same period in 2019. ASEAN has replaced EU to become Huai'an's largest trading partner, with 7.5-billion-yuan business volume last year (up 31.1%), occupying 21.8% of the city's total foreign trade. During the same period, the trade to 64 countries along the "Belt and Road" totaled 11.38 billion yuan, realizing a rise of 14.6%.