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Suzhou’s foreign trade hit RMB 188.86 billion in January
updated on:2019-02-25 16:57

Foreign trade of Suzhou hit RMB 188.86 billion in January, an increase of 2.9% over the same period of last year. Export stood at RMB 107.77 billion, up by 4.6%. Private enterprises were main contributors to foreign trade growth. However, import growth was smaller due to a decrease in the import of appliances and electronic products.

Private enterprises were leaders in foreign trade growth. In January, the import and export of private enterprises registered RMB 42.02 billion, an increase of 14.9%, which was 12 percentage points higher than average growth. Exports contributed to RMB 25 billion, up by 7% and imports, RMB 17.02 billion, up by 28.9%. The import and export of foreign-invested companies increased by 0.2% to RMB 136.4 billion, accounting for 72.2% of the total.

General trade import and export was above the average level. January witnessed significant growth in both import and export. The total amount registered RMB 69.57 billion, an increase of 11.2%. Exports hit RMB 38.84 billion and imports, RMB 30.73 billion, up by 13.8% and 8.1%, 9.2 and 7.3 percentage points higher than the municipal average growth. The import and export of bonded goods in special supervision area reached RMB 24.07 billion, up by 2.3%.

Exports to emerging and developing markets grew fast. In January, exports to the EU market stood at RMB 22.75 billion, an increase of 9.9%. Among all the major markets in Asia, exports to ASEAN was RMB 11.14 billion, and Japan, RMB 9.31 billion, up by 21.2% and 14.7% respectively. Exports to South America hit RMB 4.79 billion, a growth of 16.3%. 

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