Foreign trade of east China's Jiangxi up 29 pct in Q1

Updated: 2022- 04- 19

NANCHANG, April 18 (Xinhua) -- The foreign trade in east China's Jiangxi Province saw robust growth in the first quarter of this year, local customs said.

Jiangxi's import and export volume rose by 29 percent year on year to nearly 139.4 billion yuan (about 21.9 billion U.S. dollars) from January to March, according to Nanchang Customs in the provincial capital.

Of the total, exports stood at 104.4 billion yuan, up 32.6 percent compared with the same period last year, while imports increased by 19.4 percent to about 35 billion yuan.

During the period, the Association of Southeast Asian Nations, the United States and the European Union remained Jiangxi's major trading partners, while its trade with the Belt and Road and RCEP countries saw fast growth.

The foreign trade of Jiangxi's private enterprises witnessed a strong performance in Q1, with the total volume up 31.8 percent year on year to 101.3 billion yuan, accounting for 72.7 percent of the province's total.

In terms of trade items, the export value of mechanical and electrical products accounted for nearly half of the province's total export value, while the import value of mechanical and electrical products and resource products increased by 19.8 and 20.8 percent respectively.