Sichuan posts 13.8 pct growth in foreign trade

Source: Xinhua| 2020-01-17 21:51:23|Editor: Yurou
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CHENGDU, Jan. 17 (Xinhua) -- Southwest China's Sichuan Province registered 676.6 billion yuan (around 98.65 billion U.S. dollars) in foreign trade in 2019, up 13.8 percent year on year, customs figures showed Friday.

Sichuan's exports in 2019 reached 389.23 billion yuan, up 16.8 percent from 2018, while its imports rose by 9.9 percent to 287.36 billion yuan, according to Chengdu Customs.

Pan Xudong, director of the statistic analysis department of Chengdu Customs, ascribed the growth to Sichuan's stable economy, exploration of emerging markets and the positive effects of foreign trade policies.

Statistics showed the mechanical and electrical products accounted for 82.1 percent and 87.5 percent of the province's total exports and imports, respectively.

In 2019, Sichuan's imports and exports to countries along the Belt and Road and Latin American countries increased by 20 percent and 36.3 percent, respectively. Meanwhile, the province's foreign trade with the United States, ASEAN and the European Union maintained growth.

Foreign-invested enterprises in the province achieved a total import and export value of 456.59 billion yuan in 2019, up 17.3 percent year on year.

Imports and exports of private enterprises reached 162.27 billion yuan, with an increase of 20.2 percent.

Imports of consumer products of Sichuan saw rapid growth last year, according to Chengdu Customs. It said the province imported 5 billion yuan of consumer goods, up 4.5 percent, of which fruit, cosmetics and aquatic products increased by 36.9 times, 1.6 times and 1.9 times, respectively.

The customs said that the imports and exports of the capital hit 582.27 billion yuan, with an increase of 16.9 percent, accounting for 86.1 percent of the province's whole imports and exports.

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