BUSINESS China's Jiangsu sees foreign trade jump in January-May

BUSINESS

China's Jiangsu sees foreign trade jump in January-May

Xinhua

18:57, June 13, 2022

NANJING, June 13 (Xinhua) -- East China's Jiangsu Province, one of the country's major foreign trade hubs, saw robust foreign trade growth in the first five months of 2022, local customs authorities said Monday.

A loaded ship leaves a container terminal in Lianyungang, east China's Jiangsu Province, July 13, 2021.(Photo by Wang Jianmin/Xinhua)

Jiangsu's import and export volume rose by 8.5 percent year on year to 2.13 trillion yuan (about 317 billion U.S. dollars) from January to May, accounting for 13.3 percent of the country's total in the period, according to Nanjing customs.

Exports rose 9 percent to 1.32 trillion yuan, while imports reached 807.03 billion yuan, up 7.6 percent year on year.

In the five months, the province's trade volume with the European Union, the Association of Southeast Asian Nations (ASEAN), the United States, and the Republic of Korea increased by 7.4 percent, 9.6 percent, 5.2 percent, and 19.6 percent, respectively.

The foreign trade of Jiangsu's foreign-funded enterprises was up by 3.8 percent year on year to 1.12 trillion yuan, accounting for more than half of the province's total.

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