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Suzhou Customs released import-export trade statistics for eight months prior to 2026.
China News Service, Suzhou, September 14 (Reporter Chang Mucheng) The reporter learned from the Suzhou Customs 2026 press conference held on the afternoon of the 14th that in the first eight months of this year, Suzhou's total foreign trade import and export volume reached 2.6 trillion yuan, a year-on-year increase of 47.9%. The total volume ranked first in Jiangsu Province and third among major foreign trade cities in the country, second only to Shenzhen and Shanghai. Among them, exports were 1.53 trillion yuan, a year-on-year increase of 38.2%; imports were 1.07 trillion yuan, a year-on-year increase of 64.3%.
Judging from the overall growth rate, Suzhou's foreign trade growth rate in the first eight months was 20.4 percentage points and 30.3 percentage points higher than the average levels of Jiangsu Province and the country respectively. Its contribution to the provincial and national foreign trade growth reached 80.2% and 16.2% respectively.
From the perspective of trade methods, processing trade and bonded logistics have become the core driving forces for foreign trade growth. In the first eight months, Suzhou's processing trade imports and exports were 1.27 trillion yuan, a year-on-year increase of 77%; bonded logistics imports and exports were 434.19 billion yuan, a year-on-year increase of 77.9%.
In terms of trading partners, Suzhou has established trade ties with 233 countries and regions around the world in the first eight months. Imports and exports to countries jointly building the “Belt and Road” reached 1.42 trillion yuan, a year-on-year increase of 78.9%, exceeding the scale of last year.
From the perspective of commodity structure, the foreign trade export structure continues to be optimized, and advantageous industries have strong momentum. In the first eight months, Suzhou's computer, communications and electronic equipment manufacturing industry exported 830.04 billion yuan, a year-on-year increase of 82.4%, and its export share increased to 54.4%.
The vitality of the import side was simultaneously released, and the import of high-end factors and bulk commodities increased. In the first eight months, Suzhou imported 803.65 billion yuan of high-tech products, a year-on-year increase of 110.5%. The import of bulk commodities has steadily improved in quality, with cumulative imports reaching 42.35 billion yuan, a year-on-year increase of 4.7%; the scale of imports has climbed steadily, from an average monthly average of 3 billion yuan in the first quarter to a recent monthly average of nearly 8 billion yuan.
Data released by the People's Bank of China showed that the stock of social financing reached 464.8 trillion yuan at the end of August, a year-on-year increase of 7.2%. The cumulative increase in the first eight months was 23.91 trillion yuan. The financing structure showed a trend of slowing loan growth and growth in bond and stock financing, reflecting the structural changes in the financing needs of the real economy.
The People's Bank of China released financial data for August, showing that the M2 balance reached 356.81 trillion yuan, a year-on-year increase of 7.5%. The credit structure continues to be optimized. The growth rate of medium and long-term loans to inclusive small and micro enterprises and the service industry is higher than the overall rate. Loans in the "five major articles" of finance maintain double-digit growth. Corporate loan interest rates remain at historically low levels.
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