WND's foreign trade achieves record growth in 2024

The Wuxi New District Comprehensive Bonded Zone. [Photo/WeChat account: xinwu_wx]

Wuxi New District demonstrated remarkable growth in foreign trade in 2024, with total imports and exports projected to reach 393.8 billion yuan ($53.72 billion), marking a year-on-year increase of 10.5 percent. This double-digit growth, a rarity in recent years, surpasses provincial and city averages, accounting for over half of Wuxi's total foreign trade value at 51 percent. 

The WND Comprehensive Bonded Zone was a key driver of the overall increase, achieving more than 20 percent growth in foreign trade.

The district attracted high-quality foreign trade projects throughout the year, including investments from Pooher Laboratory Technology and Heyang Tek. Additionally, targeted measures were implemented to support the integrated circuit industry. These included expanding key international freight routes, such as increasing South Korea-bound flights from three to seven per week, promoting advanced customs inspection models like vacuum packaging, and operating specialized cleanroom inspection facilities for integrated circuit components. As a result, the integrated circuit industry saw import and export growth exceeding 30 percent.

Similarly, electrical wiring, cable, and textile exports also rose by over 30 percent.

Cross-border e-commerce continued to thrive, with total import and export volume expected to exceed 1.4 billion yuan.

WND has also enhanced its distinctive port advantages in 2024. Strategic collaborations with customs and airport authorities have enabled the launch of Jiangsu's first Latin American freight route and Wuxi's inaugural intercontinental cargo route to Mexico. Moreover, efforts were underway to expand port infrastructure, diversify services, and improve multi-modal and inter-port operations, ensuring a more favorable business environment for trade in 2025.