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Xiamen sees robust foreign trade growth in Jan-May

chinadaily.com.cn| Updated: June 28, 2023 L M S

Xiamen, a coastal city located in East China's Fujian province, saw the value of its foreign trade grow by 12.8 percent year-on-year to 405.09 billion yuan ($56.06 billion) from January to May.

The city's imports rose by 22.3 percent to 216.63 billion yuan, while exports increased by 3.6 percent to 188.46 billion yuan.

The imports and exports of private enterprises totaled 178.1 billion yuan, up 32.5 percent year-on-year and accounting for 44 percent of the city's total.

Electromechanical products and labor-intensive products were the mainstay of Xiamen's exports, hitting 95.13 billion yuan and 46.86 billion yuan respectively – accounting for 50.5 percent and 24.9 percent of the city's total export value.

Xiamen's imports during this period mainly comprised metal ore, agricultural products and electromechanical products, which generated 46.25 billion yuan, 35.55 billion yuan and 34.05 billion yuan respectively – accounting for 21.4 percent, 16.4 percent and 15.7 percent of the total value of imports.

Xiamen's top three trading partners were the Association of Southeast Asian Nations, the European Union and the United States, with trade between them totaling 73.34 billion yuan, 57.96 billion yuan and 46.32 billion yuan respectively –  accounting for 18.1 percent, 14.3 percent and 11.4 percent of the total.

Xiamen Port.jpg

Xiamen Port. [Photo/WeChat account: xiamen_swj]

Why Xiamen

  • About Xiamen

    Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.

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