In the first two months of this year, Nanyang's foreign trade import and export value was 2.09 billion yuan ($307.14 million), according to Nanyang Customs, an increase of 12 percent over the same period last year. Of this total, exports amounted to 1.74 billion yuan, an increase of 14.1 percent, while imports were 350 million yuan, an increase of 2.7 percent.

The data from the first two months of 2021 shows four major characteristics, as follows.

1. In terms of general trade, bonded logistics saw a large decline. The city's general trade import and export value was 1.87 billion yuan, an increase of 23.4 percent, accounting for 89.5 percent of the total value of the same period. Imports and exports of 100 million yuan in the form of bonded logistics decreased by 60.7 percent. Imports and exports in the form of processing trade were 120 million yuan, an increase of 19.3 percent. Of this total, processing trade exports were 90 million yuan, an increase of 47.8 percent, while imports were 30 million yuan, a decrease of 25.2 percent.

2. The ASEAN, European Union, Hong Kong and the United States are the main trading partners of Nanyang City. Nanyang's imports and exports from ASEAN, EU (27 countries), Hong Kong and the United States were 430 million yuan, 280 million yuan, 230 million yuan, and 210 million yuan respectively, down 39.4 percent, up 66 percent, up 32.8 percent and up 43.6 percent.

The above four markets account for 55 percent of Nanyang's total import and export value.

3. The imports and exports of private enterprises increased. The import and export value of Nanyang private enterprises was 1.83 billion yuan, an increase of 14.1 percent, accounting for 87.6 percent of the city's total import and export value. The import and export value of state-owned enterprises was 160 million yuan, a decrease of 0.6 percent. The import and export value of foreign-invested enterprises was 90 million yuan, a decrease of 2.2 percent.

4. The imports and exports of mechanical and electrical products soared, surpassing metal ores to become the largest import commodity. Nanyang exported 630 million yuan of agricultural products (including edible fungi, canned mushrooms, etc.), which was down 28 percent, accounting for 36.2 percent of the total export value. It exported 570 million yuan of mechanical and electrical products, an increase of 71.9 percent, which accounted for 32.8 percent of the total export value. Meanwhile, exports of textile yarns, fabrics and related products were 90 million yuan, an increase of 29.9 percent.