Jiangsu's foreign trade in 10 months up 16.7%

2021-11-18 15:50:00

(CFP Photo)

Jiangsu Province saw foreign trade of 4.21 trillion yuan in the first ten months of 2021, a year-on-year growth of 16.7% and also accounting for 13.3% of the country’s total, according to Nanjing Customs.

Exports soared to over 2.61 trillion yuan, marking a 18.3% increase from the same period last year, while imports reached over 1.6 trillion yuan, up 14.1% year on year.

In the first 10 months, processing trade and trade via bonded logistics centers reached 1.32 trillion yuan and 471.98 billion yuan respectively, an increase of 2.3% and 38.5% respectively.

Jiangsu's imports and exports to the European Union, ASEAN, the United States, South Korea and Japan were 623.74 billion yuan, 597.51 billion yuan, 573.34 billion yuan, 435.24 billion yuan and 360.08 billion yuan, up 18.2%, 19.5%, 12.2%, 10.4% and 9.3% respectively. Trade with these five regions accounted for 61.4% of Jiangsu's total in the ten months.

During the same period, Jiangsu's trade with countries along the "Belt and Road" hit 1.06 trillion yuan, a growth of 21.7%.

Foreign trade by private enterprises totaled 1.6 trillion yuan, an increase of 28.8%, accounting for 38.1% of the total in Jiangsu.

Jiangsu exported 1.73 trillion yuan of mechanical and electrical products, up 17.6%, during the ten months. In breakdown, exports value of integrated circuits, laptops, electrical equipment and solar cells reached 192.36 billion yuan, 149 billion yuan, 119.28 billion yuan and 51.79 billion yuan, up 20%, 17.9%, 28.8% and 23.7% respectively.

In addition, Jiangsu’s imports of iron ore, soybeans, natural gas and copper reached 105.98 billion yuan, 43.02 billion yuan, 23.75 billion yuan and 21.11 billion yuan, a year-on-year increase of 63.7%, 0.2%, 38.8% and 31.8% respectively.

In the ten months, Jiangsu imported 899.96 billion yuan of mechanical and electrical products, up 9.6%. Among them, import value of integrated circuits, electrical equipment and auto parts and accessories was 362.57 billion yuan, 43.4 billion yuan and 14.27 billion yuan, up 6.8%, 16% and 17.5% respectively.