From January to September, Changzhou’s import & export volume reached 173.67 billion yuan, a 0.2 percent increase over the same period last year, according to the data from Changzhou Customs.
September saw record-hitting growth rates in foreign trade, of which the imports increased by 12.3% from the year-ago month to 5.96 billion yuan, while the exports rose 12.1% to 16.39 billion.
Private enterprises played a major role in foreign trade growth. In the first three quarters of the year, Changzhou’s private enterprises made 91.2 billion yuan in import and export businesses, accounting for 52.5% of the city’s total foreign trade volume, an increase of 6.1 percentage points year-on-year.
EU remained to be the largest trading partner. From January to September, Changzhou’s total value of exports to EU, US and ASEAN reached 24.88 billion, 25.19 billion and 18.57 billion yuan respectively, altogether subtracting 53.3% of the city’s total foreign trade volume.
Exports of the city’s special products achieved a steady growth. In the first three quarters, Changzhou’s exports of solar panels, plastic floor coverings and e-bikes amounted to 11.35 billion (up 5%), 5.2 billion (up 40.9%) and 1.5 billion yuan (up 12.6%) respectively, greatly supporting the city’s recovering of foreign trade.
Leading foreign trade enterprises maintained a steady increase. In the first three quarters, the total import and export value of the city’s top 20 import & export companies accounted for 24.6% of Changzhou’s foreign trade volume, playing a vital role in the city’s overall foreign trade growth.
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