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China’s Chongqing posts record-high foreign trade in Q1

Abstract : Southwest China's Chongqing Municipality posted a record-high foreign trade at 180.2 billion yuan (about 27.8 billion U.S. dollars) in the first quarter of this year, customs data shows.

CHONGQING, April 22 (Xinhua) — Southwest China’s Chongqing Municipality posted a record-high foreign trade at 180.2 billion yuan (about 27.8 billion U.S. dollars) in the first quarter of this year, customs data shows.

The figure represents an increase of 60.4 percent over the same period last year, according to Chongqing Customs.

Exports surged 75.7 percent to 112.3 billion yuan, while imports reached 67.9 billion yuan, up 40.2 percent year on year.

The city’s export surge was mainly the result of its robust growth in exports of electronic products. In particular, its exports of laptops jumped 78.8 percent to reach 43.4 billion yuan, accounting for 38.6 percent of its total export value in the period.

Chongqing’s trade with major trading partners including ASEAN, the European Union and the United States respectively hit 30.2 billion yuan, 28.2 billion yuan and 26 billion yuan over the period, up 30.8 percent, 59.4 percent and 110 percent. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s Chongqing posts record-high foreign trade in Q1

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