Recently, Yichang has officially announced its foreign trade value in the first quarter of this year. According to the Yichang Customs, the total export and import value from January to April reaches ¥3.52 billion with year-on-year growth of 48.7%, accounting for 6.7% that of Hubei Province, among which gross export value and import value add up to ¥2.92 billion (up 55.6%) and ¥0.6 billion (up 22%) respectively.
The statistical data shows that Yichang’s import and export value of the general trade reaches ¥2.67 billion (up 54.4%) in the first quarter, accounting for 76% of the total export and import value of the whole city. Meanwhile, the export and import value of the processing trade adds up to ¥0.76 billion, up 30.2%.
Owing to the growing economic Pidends of reform, the private enterprises have maintained a rapid growth with a foreign trade value of¥1.37 billion (up 93.4%) . While, the state-owned enterprises reaches ¥1.51 billion (up 50%), and the Sino-foreign joint ventures reach ¥0.37 billion (down 9.3%) and the wholly foreign-funded enterprises ¥0.22 billion (up 0.4%) in the first quarter.
As for the overseas market demand, the U.S. touts its active market, ranking Yichang’s largest trade partner. In the first quarter, the total value of Yichang-U.S. bilateral trade reaches ¥0.47 billion (up 39.3%). The export value in Hubei Province has achieved a steady growth because of the active market in the U.S. Meanwhile, the total bilateral trade value of Yichang - ASEAN reaches ¥0.46 billion (up 17.2%), and with India ¥0.44 billion (up 4.7 times). The total export and import values between Yichang and EU, Japan, Republic of Korea, and Brazil have achieved a remarkable growth (up 7.6%, 40.7%, 22.1%, and 50.7% respectively).
The export of diammonium hydrogen phosphate takes a predominate place. In the first quarter, the diammonium hydrogen phosphate, aluminum foil without backing, urea, yeast, and medical gauze have ranked the top five items of export value. Meanwhile, the export value of the agricultural products reaches ¥0.44 billion (up 13.5%),the mechanical and electrical products ¥0.39 billion (up 67.4%), the new high-tech products ¥0.16 billion (up 0.5%).
In the first quarter, the import and export values of five enterprises exceed ¥0.2 billion, including Hubei Sanning Chemical Industry Co., Ltd, Yidu Xingfa Chemical Company Limited, Hubei Xingfa Chemicals Group Co., Ltd, Zhijiang Allmed Medical Products Co., Ltd and Yidu Dongyang Formed Foil Co., Ltd. In addition, there are seven enterprises of total import and export value ranging from ¥0.1 billion to ¥0.2 billion. (Reporter Pei Zhujing and correspondent Liu Lingqiao)