From January to February, Fujian's imports and exports to other RCEP member countries amounted to nearly 100 billion yuan

In recent years, Fujian has deeply integrated into the development wave brought by RCEP with its unique geographical advantages and profound opening-up background, and its economic ties with RCEP member countries have become increasingly close. According to Xiamen Customs statistics, from January to February, Fujian's import and export volume to other RCEP member countries reached 99.11 billion yuan, a year-on-year increase of 8%, accounting for 31.2% of the province's total import and export value during the same period; Among them, exports exceeded 50 billion yuan, reaching 52.65 billion yuan, a year-on-year increase of 10.2%, accounting for 28.2% of the province's total export value during the same period; Imports amounted to 46.46 billion yuan, a year-on-year increase of 5.7%, accounting for 35.5% of the province's total import value during the same period.

Against the backdrop of the continuous release of RCEP policy dividends, the level of trade facilitation has further improved, and many new energy enterprises have actively seized opportunities to increase their layout in the RCEP market. Fujian Antai New Energy Technology Co., Ltd. is one of them.

More than 80% of the products exported by the company to Japan are aluminum solar brackets under RCEP. Before the RCEP came into effect, the import tariff rate for our exported aluminum solar brackets in Japan was 3%. After multiple rounds of tax reductions, it is expected to save over one million yuan in funds for the whole year. ”Jiang Liping, the person in charge of customs affairs at Fujian Antai New Energy Technology, said, "This means that the competitiveness of the company's products in the Japanese market will be further enhanced, and it also gives us confidence and confidence in the prospects of foreign trade." In January and February, the company exported visa goods worth nearly 1.85 million yuan to Japan, and the goods have cumulatively enjoyed nearly 100000 yuan in Japanese tariff reductions. In addition, the "subtraction" of tariffs is transforming into a "multiplication" of market expansion. In recent years, we have not only stabilized Japan, the largest export market, but also leveraged the RCEP policy dividends to extend our business reach to more member countries such as Australia and Thailand. ”Jiang Liping proudly said.

According to officials from Xiamen Customs, private enterprises continue to play a stabilizing role in foreign trade. In January and February, private enterprises in Fujian Province imported and exported 62.33 billion yuan to other RCEP member countries, a year-on-year increase of 13.3%, accounting for over 60% of the province's total import and export value to other RCEP member countries during the same period. During the same period, foreign-invested enterprises imported and exported 19.19 billion yuan to other RCEP member countries, a year-on-year increase of 9.1%, accounting for 19.4%; State owned enterprises imported and exported 17.51 billion yuan, accounting for 17.7%.

In terms of trade scale, Indonesia, Australia, and Japan are the main countries for Fujian's trade with other RCEP member countries. According to statistics, from January to February, Fujian's imports and exports to the three countries mentioned above were 20.32 billion yuan, 16.52 billion yuan, and 11.8 billion yuan, respectively, an increase of 3.8%, 5.6%, and 7.7% year-on-year, accounting for nearly 50% of the province's total imports and exports to other RCEP member countries during the same period. From the perspective of import and export growth rate, Fujian's import and export growth to Myanmar and Laos is eye-catching, with imports and exports of 750 million yuan and 230 million yuan in January and February, respectively increasing by 90.8% and 52.8%.

From the perspective of export commodities, electromechanical products and labor-intensive products are the top two export commodities of Fujian to other RCEP member countries. In January and February, Fujian exported 22.5 billion yuan of electromechanical products to other RCEP member countries, a year-on-year increase of 22.5%, accounting for 42.7% of the province's total export value to other RCEP member countries during the same period, driving the province's export growth to other RCEP member countries by 8.6 percentage points; Among them, exports of central processing components and lithium batteries amounted to 2.22 billion yuan and 1.66 billion yuan, respectively, with year-on-year growth of 31.6% and 15.2%. During the same period, Fujian exported labor-intensive products worth 11.11 billion yuan to other RCEP member countries, a year-on-year increase of 6.3%, accounting for 21.1%.

From the perspective of imported goods, the main commodities are metal ores, energy products, and other bulk commodities. According to statistics, from January to February, Fujian imported 16.61 billion yuan of bulk commodities from other RCEP member countries, accounting for 35.7% of the province's total import value from other RCEP member countries during the same period; Among them, imported iron ore, coal, and lignite amounted to 7.24 billion yuan and 4.26 billion yuan respectively, accounting for a total of 24.8%. In addition, from January to February, Fujian imported agricultural products worth 6.95 billion yuan from other RCEP member countries, a year-on-year increase of 25.3%, accounting for 15%.

To help enterprises enjoy benefits and increase profits, Xiamen Customs has strengthened its research on RCEP rules, established a comparative list of tariff reductions for enterprises, and carried out RCEP special lectures, training, and door-to-door policy delivery activities in conjunction with the tax reduction timeline, providing "one-on-one" precise assistance; Continuously optimizing convenience measures such as "intelligent review" and self-service certificate printing, combined with convenience measures such as advance declaration and appointment inspection, to improve the efficiency of the entire process of document review, inspection, and certificate issuance, effectively shorten the export clearance time, and continuously improve the overall clearance efficiency.