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Wuxi’s Import and Export Reached 98.17 Billion Yuan in the First Two Months of the Year
updated on:2021-04-03 08:40

The latest statistics released by Wuxi Customs showed import and export of Wuxi in January and February this year hit 98.17 billion yuan. Private enterprises, among all types of enterprises, registered a most prominent performance with the first two months seeing their import and export arrive at 33.5 billion yuan, up by 43.5% year-on-year, driving the growth of the city’s foreign trade volume up by 12%.

Closely following the dynamics in the global trade landscape, quite a few private enterprises in Wuxi adjusted their marketing strategies and improved the structure of product lines, which stimulated the growth of export in foreign trade. Private enterprises, judged from the foreign trade data, were increasingly bursting with vitality. In export business in particular, not only have private enterprises outperformed the city’s average growth rate, but also have seen their market shares rise from 33.7% in 2018 to the current 42.85%. Even in what was called by the foreign trade industry the “most tragic” year, private enterprises in 2020 still impressed the market with robustness and resilience, with export increasing by 7.8% over the previous year. 

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