Xi'an reports over 200b yuan in foreign trade in H1

In the first half of this year, the foreign trade of Xi'an, capital of Northwest China's Shaanxi province, saw a year-on-year increase of 23.8 percent to 205.91 billion yuan ($31.86 billion), accounting for 92.3 percent of the provincial total, according to Xi'an Customs.

Exports were valued at 102.41 billion yuan and imports at around 103.4 billion yuan, rising 26.9 percent and 20.9 percent, respectively, compared with the same period last year.

A China-Europe freight train departs from Xi'an, capital of Northwest China's Shaanxi province, on July 8. [Photo/Xi'an news network]

In June, the city's foreign trade reached 40.38 billion yuan, an increase of 45.3 percent, both hitting record highs. Since November 2020, monthly imports and exports achieved positive growth for eight consecutive months.

Xi'an's private sector performed well in foreign trade during this period as well. Foreign trade of private enterprises in the city surged 55.4 percent to 63.96 billion yuan.

Meanwhile, foreign trade among foreign-invested enterprises and State-owned enterprises in Xi'an saw respective year-on-year increases of 12 percent and 31.6 percent to 130.67 billion yuan and 10.65 billion yuan.

The structure of foreign trade continued to be optimized and the main trade methods maintained growth in the period. General trade, processing trade, and bonded logistics imports and exports experienced year-on-year increases of 47 percent, 9.9 percent and 55.5 percent, respectively.

Xi'an's trade with major trading partners, namely South Korea, the European Union, and the Association of Southeast Asian Nations, respectively hit 48.29 billion yuan, 24.29 billion yuan, and 18.48 billion yuan in the first half of this year.

Meanwhile, the city's foreign trade with countries involved in the Belt and Road Initiative reached 31.6 billion yuan, a year-on-year increase of 24.8 percent.

Xi'an's traditional advantageous industries, including mechanical and electrical products, integrated circuits, solar cells, and automobiles, have experienced significant growth in exports over the past six months as well.

Bulk commodity imports, including mechanical and electrical products and semiconductor manufacturing equipment, have increased during the same period.