The total value of foreign trade imports and exports of the city in the first quarter came to 4.24 billion yuan, an increase of 11.5% compared with the same period of last year, accounting for 5.4% of Hubei province’s total import and export value, of which exports were 3.61 billion yuan, up 14.4%, and imports were 630 million yuan, down 2.2%according to the Yichang Customs on May 5th.
In the first quarter, the import and export value of private enterprises in the city amounted to 2.31 billion yuan, an increase of 28.3%, accounting for more than half of the city's total import and export value.In the same period, the import and export value of state-owned enterprises reached 1.17 billion yuan, an increase of 25.9%, while that of foreign-invested enterprises amounted to 76 million yuan, a decrease of 29.1%.
Except the United States, the city’s import and export of the top five trading partners maintained a positive growth. The total value of trade with ASEAN increased by 27.4%,the total value of trade with the EU increased by 36.8%, the total value of trade with India doubled, and the total value of trade with Japan increased by 28.8%.Our city has an import and export value of trade with countries alone the Belt and Road, which worth 1.94 billion, an increase of 26.9%.
The top exporters were fertilizers, electromechanical products, agricultural products and high-tech products. Among them, the export of fertilizers surged to 710 million yuan, an increase of three times. The top importers were electromechanical products, high-tech products, agricultural products and consumer goods, especially electromechanical products, with an import value of 180 million yuan, increased by 66%. Sulfur of all kinds(except sublimed sulfur, precipitated sulfur and colloidal sulfur) ranked first in all imported goods, with import value of 110 million yuan, an increase of 11.1%.Sanxia Daily(Reporter Yang Lan, correspondent Sun Furong)