In the first eight months of this year, the total import and export value of Guangdong Maoming to ASEAN reached 2.2 billion yuan, a year-on-year increase of 112.2%.

China News Service, Maoming, Guangdong, September 14th (Liang Sheng, Lu Siqin) Reporters learned from Guangdong Maoming Customs on the 14th that in the first eight months of this year, the total import and export value of Maoming City to ASEAN was 2.2 billion yuan (RMB, the same below), a year-on-year increase of 112.2%.

According to reports, with the continued release of RCEP policy dividends and the in-depth advancement of the China-ASEAN Free Trade Area, Maoming has achieved rapid growth in trade with ASEAN by relying on its characteristic industries and location advantages. In the first eight months of this year, Maoming's imports of bulk commodities from ASEAN have increased significantly, and the energy resource supply structure has been optimized. Among them, the import of ferronickel was 720 million yuan, a year-on-year increase of 64.2%; the import of wood and its products was 120 million yuan, a year-on-year increase of 5 times; the import of agricultural products and other livelihood commodities was steadily expanding, and the categories continued to be enriched. During the same period, the quality and efficiency of Maoming's specialty product exports improved, with agricultural products exported to ASEAN worth 60 million yuan, a year-on-year increase of 21.6%.

In the first eight months of this year, private enterprises in Maoming played a prominent leading role, and the vitality of various business entities continued to be released. Among them, private enterprises' imports and exports to ASEAN were 1.74 billion yuan, a year-on-year increase of 85.4%, accounting for nearly 80% of the city's total imports and exports to ASEAN. They are the core force in deeply exploring the ASEAN market; foreign-invested enterprises' imports and exports were 360 ​​million yuan, a year-on-year increase of 2.7 times, with significant export contributions; state-owned enterprises' imports and exports were 100 million yuan, mainly focusing on the import of crude oil and other resource commodities.

In addition, in the first eight months of this year, Maoming’s trade with nine countries in the ASEAN market achieved positive growth. Among them, Indonesia is the largest trading partner, with imports and exports of 1 billion yuan, a year-on-year increase of 86.9%; imports and exports to Singapore are 260 million yuan, a year-on-year increase of 16 times; imports and exports to Thailand, the Philippines, and Cambodia have increased by 62.2%, 2.4 times, and 17 times respectively. Market diversification has achieved remarkable results.