China’s Anhui sees growth in foreign trade with RCEP

Updated:Apr 06,2022 09:17 AM

East China’s Anhui province posted a 14.6 percent year-on-year increase in its foreign trade with other RCEP countries during the first two months of 2022, customs data showed.

The imports and exports totaled 28.0 billion yuan ($4.4 billion) between January and February, accounting for 24.8 percent of the provincial total.

The imports grew 25.9 percent to 16.0 billion yuan, while the exports edged up 2.4 percent to 11.99 billion yuan.

Private enterprises’ trade with those countries stood at 14.08 billion yuan, up 29.5 percent from the same period a year earlier. They contributed to 50.3 percent of the provincial foreign trade volume.

Foreign-funded companies saw an increase of 5.5 percent in imports and exports with other RCEP countries, which totaled 8.61 billion yuan.

State-owned enterprises’ trade with the countries reached 5.3 billion yuan, down 1.6 percent year-on-year.

The ASEAN, Japan and the Republic of Korea were the top three foreign trade markets of the province in the Jan-Feb period, posting year-on-year increases of 26.3 percent, 7.6 percent and 8.8 percent, respectively.

The province imported 8.58 billion yuan worth of mechanical and electrical products from other RCEP countries, up 40.3 percent. In addition, its imports of semiconductor manufacturing equipment and coal surged 138.9 percent and 249.8 percent to 3.45 billion and 670 million yuan, respectively.