From January to April this year, the total import and export value of Huai'an reached RMB 20.49 billion, up 12.7% year on year. Among this, exports amounted to RMB 16.81 billion, up 13.6%, while imports were RMB 3.68 billion, increasing by 9.0%.
Major trading partners grew steadily. From January to April, ASEAN and the EU remained Huai'an's top two trading partners. Huai'an's trade with ASEAN reached RMB 4.5 billion, up 30.5%, of which exports accounted for RMB 3.95 billion, up 39.9%. Growth rates for products such as solar cells, printed circuits, and steel cords exceeded 50%. Huai'an's trade with the EU totaled RMB 3.36 billion, up 17.1%, of which exports accounted for RMB 2.99 billion, up 16.3%. Trade with 17 Middle Eastern countries reached RMB 970 million, up 10.2%, mainly involving textiles and apparel, solar cells, and petroleum machinery. Trade with countries participating in the Belt and Road Initiative reached RMB 10.69 billion, up 25.8%.
Leading industry exports saw accelerated growth and improved quality. From January to April, Huai'an's exports of mechanical and electrical products reached RMB 9.71 billion, up 8%, accounting for 57.7% of the total export value. Of this total, exports of auto parts reached RMB 1.52 billion, up 3.1%, while exports of labor-intensive products reached RMB 3.23 billion, up 19.4%. Huai'an's imports of mechanical and electrical products totaled RMB 1.96 billion, up 2.9%, accounting for 53.3% of total imports.
The leading role and advantages of private enterprises have become more prominent. From January to April, 1,293 foreign trade enterprises in Huai'an recorded import and export activities. Of these, the trade volume of private enterprises reached RMB 15.28 billion, a steady increase of 16.4%, accounting for 74.6% of the city's total foreign trade value. During the same period, trade performance diverged between foreign-funded and state-owned enterprises. Trade by foreign-funded enterprises reached RMB 4.86 billion, up 4%, while trade by state-owned enterprises was RMB 350 million, down 6.1% year on year.