Jiangsu sees foreign trade up 30.1% in January-February
East China’s Jiangsu province saw robust foreign trade growth in the first two months of 2021, according to local customs.
The province’s total import and export value hit 728.23 billion yuan (about $111.7 billion) in the January-February period, up 30.1 percent year-on-year, according to data from Nanjing Customs.
Of the total, exports soared to 459.39 billion yuan, marking a 43.6 percent increase from the same period last year, and imports reached 268.84 billion yuan, up 12.1 percent year-on-year.
Exports of mechanical and electronic products saw a strong rise to 309.27 billion yuan, up 44 percent year-on-year, accounting for 67.3 percent of Jiangsu’s total exports.
The province’s trade volumes with its major trading partners, including the European Union, the United States and the Association of Southeast Asian Nations, saw increases of 33.9 percent, 42.4 percent and 35.5 percent, respectively, in the first two months of 2021. Its trade volume with countries along the Belt and Road grew by 32.2 percent to 185.19 billion yuan.