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China’s port city Tianjin sees steady rise in foreign trade in Q1

Abstract : The northern Chinese port city of Tianjin saw its foreign trade surge 17.5 percent year on year to 184.9 billion yuan (about 28.5 billion U.S. dollars) in the first quarter of this year, data from Tianjin Customs showed.

TIANJIN, April 28 (Xinhua) — The northern Chinese port city of
Tianjin saw its foreign trade surge 17.5 percent year on year to 184.9
billion yuan (about 28.5 billion U.S. dollars) in the first quarter of
this year, data from Tianjin Customs showed.

The city’s imports rose 5.7 percent year on year to about 105 billion
yuan and exports climbed to approximately 80 billion yuan, up 37.5
percent over the same period last year.

Imports of agricultural products, as well as mechanical and
electrical products, registered strong performances, respectively
accounting for 38.3 percent and 42.6 percent of the city’s total in the
first quarter.

Exports of labor-intensive products including textiles, furniture,
plastic products, and mechanical and electrical products continued to
record robust growth.

Tianjin’s imports and exports with its major trading partners such as
the European Union, the United States, the Republic of Korea and Japan
saw expansion, and foreign trade with countries along the Belt and Road
rose by 9 percent. Enditem

About Xinhua Silk Road

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,includes 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 port city Tianjin sees steady rise in foreign trade in Q1

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