Jiangsu's auto exports value in Q1 up 100.5%
2023-04-20 15:06:00

(CFP Photo)

From January to March this year, Jiangsu Province exported vehicles worth 4.57 billion yuan, an increase of 100.5%, mainly to ASEAN, the European Union and the Middle East, according to Nanjing Customs.

This included the export value of electric vehicles at 1.53 billion yuan, up 324.7% year on year.

On April 18, under the supervision of Lianyungang Customs House, affiliated with Nanjing Customs, vehicles were loaded onto a vessel at the Oriental Terminal of Lianyungang Port before shipping to the United Arab Emirates.

Lianyungang Port is one of the three major ports for the export of machinery and equipment and vehicles in China. It has implemented 24-hour all-weather quarantine operations and provided convenient customs clearance procedures, enhancing the cargo turnover capacity and also shortening the average ship stay time in the port by more than 50%. In the first quarter, the port handled the export of 81,008 units of machinery, equipment and vehicles, an increase of 99.7% year on year.

Changzhou Customs House has been supporting enterprises to make the best use of the FTA preferential treatment. It recently issued the certificate of origin under the China-ASEAN FTA for electric vehicles worth $258,000 produced by the BYD plant in Changzhou. The trade document allows the car importer to enjoy zero tariff.

Changzhou plant is the automaker's important production and R&D base in East China. The project's output value has exceeded 28 billion yuan since it opened in 2022.

According to Changzhou Customs House, the city's total exports of new energy industry reached 7.957 billion yuan in the first quarter of this year, an increase of 19.48%, of which the export of vehicles totaled 827 million yuan.

Source:jschina.com.cn Editor:Dylan