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Huai'an's Foreign Trade Maintains Steady Development in First Half of 2023

Strategic Insights

— 2 min read

Huai'an City in Jiangsu Province has achieved a significant increase in its foreign trade in the first half of 2023, with a total import and export value of RMB 28.94 billion, marking a year-on-year increase of 14.9%. This growth is driven by the expansion of exports in various sectors, including electronic products, labor-intensive products, and chemicals, as well as a high level of imports of electronic components.

Key Takeaways:

  • The total import and export value of Huai'an City in the first half of 2023 reached RMB 28.94 billion, with a year-on-year increase of 14.9%.
  • Exports accounted for 59.9% of the total export value, with mechanical and electrical products being the leading export sector, valued at RMB 14.35 billion, marking a year-on-year increase of 20.4%.
  • The export of electronic products, such as mobile phone parts and printed circuit boards, reached RMB 3.6 billion, marking an increase of 65.3%.
  • The export of auto parts, including automobile bodies and tires, was valued at RMB 2.32 billion, marking an increase of 1.5%.
  • The export of labor-intensive products, including textiles and clothing, plastic products, furniture, and their parts, increased by 32.2%, 39.5%, and 49% respectively.
  • Chemical exports reached RMB 1.95 billion, marking an increase of 5.9%.
  • The import of electronic components, including integrated circuits, reached RMB 1.4 billion, marking an increase of 39.6%.
  • The import of agricultural products was valued at RMB 600 million, marking an increase of 51.7%.
  • Traditional markets maintained stable growth, while emerging markets such as ASEAN saw strong expansion, with imports and exports to ASEAN reaching RMB 5.5 billion, marking an increase of 26.8%.

Statistics:

  • Total import and export value of Huai'an City in the first half of 2023: RMB 28.94 billion
  • Year-on-year increase in total import and export value: 14.9%
  • Value of mechanical and electrical products exported in the first half of 2023: RMB 14.35 billion
  • Year-on-year increase in the export of mechanical and electrical products: 20.4%
  • Value of electronic products exported in the first half of 2023: RMB 3.6 billion
  • Year-on-year increase in the export of electronic products: 65.3%
  • Value of auto parts exported in the first half of 2023: RMB 2.32 billion
  • Year-on-year increase in the export of auto parts: 1.5%
  • Value of labor-intensive products exported in the first half of 2023: RMB 4.55 billion
  • Year-on-year increase in the export of labor-intensive products: 38%
  • Value of chemical exports in the first half of 2023: RMB 1.95 billion
  • Year-on-year increase in chemical exports: 5.9%
  • Value of electronic components imported in the first half of 2023: RMB 1.4 billion
  • Year-on-year increase in the import of electronic components: 39.6%
  • Value of agricultural products imported in the first half of 2023: RMB 600 million
  • Year-on-year increase in the import of agricultural products: 51.7%

Sources:

  • http://english.huaian.gov.cn/News/content/17512992/1753258850706pvxTQ8iS.html (Huai'an City Government official website)

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