Changzhou has achieved significant growth in foreign trade during the first half of 2023, according to data released by Changzhou Customs. The total import and export value reached 158.21 billion yuan (approximately 24.5 billion U.S. dollars), showing a 0.8 percent increase compared to the same period last year. This remarkable performance surpassed the provincial growth rate by 6.1 percentage points.
Exports played a key role in driving the growth, as they surged by 2.9 percent, while imports amounted to 34.29 billion yuan. Changzhou's trade value ranked fifth in the province, with the growth rate topping among the top five cities in trade scale.
This year, Changzhou Customs has been actively optimizing its supervision and service methods, introducing innovative policies such as bonded warehousing and smart supervision, which have greatly benefited local enterprises. The city's foreign trade has shown characteristics like the rebound of trade entities' vitality and the optimization of product structure.
General trade accounted for over 80 percent of the city's total foreign trade value, reaching 129.27 billion yuan. Additionally, the import and export of bonded logistics reached 4.09 billion yuan, marking an impressive 53.7 percent increase.
Private enterprises have also made significant contributions to Changzhou's foreign trade, with their imports and exports reaching 88.67 billion yuan, demonstrating a growth of 2.8 percent. This sector accounted for 56 percent of the city's total foreign trade.
The European Union, ASEAN, and the United States continued to be Changzhou's top three trading partners. Notably, imports and exports with the EU rose by 10.6 percent, while trade with countries along the "Belt and Road" increased to 50.65 billion yuan, showing a notable growth of 4.9 percent.
Mechanical and electrical products experienced an upswing in exports, reaching 78.04 billion yuan, indicating a 6.6 percent increase. This sector constituted 63 percent of Changzhou's total export value, marking a rise of 2.2 percentage points from the same period last year. Among these exports, auto parts and automobiles played a crucial role, with exports reaching 4.9 billion yuan and 2.8 billion yuan, respectively.
Changzhou's imports of raw materials and energy commodities also surged during this period, with imports of polysilicon, pulp, cotton, coal, and lignite showing significant growth rates of 67.6 percent, 416.5 percent, 13.7 times, and 363.1 percent, respectively. Additionally, the import of mechanical and electrical products reached 15 billion yuan, accounting for 43.8 percent of the total import value.
Stabilizing foreign trade has become a crucial pillar supporting economic recovery, and Changzhou Customs is actively implementing 29 measures to optimize the business environment. The goal is to provide targeted assistance to enterprises, ensuring stability, and further enhancing the quality of foreign trade in the region.
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