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Back3.43 trillion yuan! In the first three quarters of this year, the foreign trade import and export value of the central region hit a new high and “bright spots” emerged.
3.43 trillion yuan! In the first three quarters of this year, the foreign trade import and export value of the central region hit a new high and “bright spots” emerged.
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中国新闻网1 hour agoBusiness2 min readChinaView original

3.43 trillion yuan! In the first three quarters of this year, the foreign trade import and export value of the central region hit a new high and “bright spots” emerged.

Quick Look

  • In the first three quarters of this year, the total import and export value of central China reached 3.43 trillion yuan, a year-on-year increase of 20.5%, a record high for the same period in history.
  • Exports of equipment manufacturing and high-tech products perform well, with electric vehicles accounting for a significant proportion of exports.
  • Imports have maintained double-digit growth for 11 consecutive months, and market diversification continues to expand.

AI-generated summary

Why It Matters

The balance and stability of foreign trade development in the central region continue to increase, and the cross-border channel network continues to improve.

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CCTV News: According to customs statistics, in the first three quarters of this year, the import and export of the central region reached 3.43 trillion yuan, a year-on-year increase of 20.5%. The import and export value hit a record high for the same period in history. The balance and stability of foreign trade development in the central region continue to increase.

Judging from the monthly trend, since the third quarter, the single-month import and export growth rate of the central region has continued to expand. Among them, imports and exports in September were 449.63 billion yuan, setting a record high in the scale of imports and exports in a single month, a year-on-year increase of 22.5%.

From the perspective of exports, in the first three quarters, the equipment manufacturing industry in the central region was the core support for export growth, and high-tech products performed outstandingly. The total exports of electric vehicles, integrated circuits, computers and their parts were 494.82 billion yuan, accounting for 14.4% of the total foreign trade value of the central region. One out of every three exported electric vehicles in the country comes from the central region.

From the perspective of imports, imports from the central region have maintained double-digit growth for 11 consecutive months. Imports of metal ores, integrated circuits, and storage components have all increased significantly, providing strong support for the stable operation of the manufacturing industry and the expansion and upgrading of key industries.

Wu Hao, deputy director of the Wuhan Customs Statistics Department, said that in the first three quarters, the central region's imports and exports to more than 150 countries and regions around the world achieved positive growth, and the market diversification was consolidated and expanded. Among them, imports and exports to other APEC economies exceeded 2 trillion yuan for the first time in history during the same period. Cross-border channel networks such as China-Europe freight trains, the golden waterway of the Yangtze River, and international air cargo continue to improve, and the efficiency of multimodal transport continues to be released.

Open Questions

  • Can the growth trend of foreign trade be maintained in the fourth quarter?

Related Topics

This article was originally published by 中国新闻网.

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