In the first five months of this year, Fujian Province's foreign trade imports and exports increased by 8.2% year-on-year, reaching the highest growth rate in the same period in nearly five years

According to statistics from Fuzhou Customs, in the first five months of this year, Fujian Province's foreign trade imports and exports amounted to 817.57 billion yuan, a year-on-year increase of 8.2%, the highest growth rate since the same period in 2022. Among them, exports amounted to 466.16 billion yuan, an increase of 0.9%, while imports amounted to 351.41 billion yuan, an increase of 19.7%.

The dominant pattern of general trade continues to strengthen, with processing trade leading the growth rate. In the first five months, the general trade import and export of Fujian Province reached 633.06 billion yuan, an increase of 10.1%, accounting for 77.4% of the total import and export value of Fujian Province's foreign trade during the same period, and driving the import and export growth of Fujian Province by 7.7 percentage points during the same period. Among them, exports amounted to 359.7 billion yuan, an increase of 4.7%; Imports amounted to 273.36 billion yuan, an increase of 18.1%. During the same period, the import and export of processing trade amounted to 106.98 billion yuan, an increase of 13.5%, accounting for 13.1%; Imports and exports through bonded logistics amounted to 67.64 billion yuan, an increase of 4.4%, accounting for 8.3%.

Private enterprises account for over 60% of the total, while foreign investment and imports and exports of state-owned enterprises have made steady progress. In the first five months, the import and export of private enterprises in Fujian Province reached 501.38 billion yuan, an increase of 9.5%, accounting for 61.3% of the total import and export value of Fujian Province's foreign trade during the same period, driving a 5.7 percentage point increase in Fujian Province's import and export during the same period. The import and export of foreign-invested enterprises reached 175.22 billion yuan, an increase of 5.4%, accounting for 21.4%. During the same period, the import and export of state-owned enterprises reached 140.18 billion yuan, an increase of 7.3%, accounting for 17.1%.

Stable growth in imports and exports to ASEAN and EU, and active performance in imports and exports to emerging markets. In the first five months, Fujian Province's imports and exports to ASEAN and the European Union remained stable, with imports and exports to ASEAN reaching 159.62 billion yuan, an increase of 4.7%; Imports and exports to the European Union amounted to 109.16 billion yuan, an increase of 3.8%. The expansion of emerging markets is strong, with imports and exports to Latin America, Africa and other regions reaching 87.76 billion and 48.7 billion yuan, respectively, an increase of 14.6% and 23%. Over the same period, imports and exports to countries jointly building the "the Belt and Road" reached 436.65 billion yuan, up 9.9%; Imports and exports to other RCEP member countries amounted to 263.52 billion yuan, an increase of 5.1%.

The import and export of mechanical and electrical products have seen double growth, with a significant increase in steel exports and impressive performance in the import of computers and their components. In terms of exports, in the first five months, the export of mechanical and electrical products in Fujian Province was 224.51 billion yuan, an increase of 5.1%, accounting for 48.2% of the total export value of Fujian Province during the same period, driving the overall export growth by 2.4 percentage points. Among them, computers and their components, ships, and LCD flat panel display modules were exported at 15.09 billion yuan, 8.49 billion yuan, and 8.06 billion yuan, respectively, increasing by 9.7%, 13.4%, and 8.6%. It is worth noting that steel exports reached 8.59 billion yuan, a significant increase of 129.3%, driving the overall export growth of Fujian Province by 1 percentage point during the same period, becoming a bright spot in export growth; The export of pulp, paper and its products reached 5.13 billion yuan, an increase of 19.4%.

In terms of imports, the import of electromechanical products reached 60.51 billion yuan, an increase of 27.4%, driving the overall import growth of Fujian Province by 4.4 percentage points. Among them, the import of integrated circuits was 12.37 billion yuan, an increase of 29.2%; The import of computers and their components reached 8.41 billion yuan, a surge of 241.2%; The import of aircraft components reached 8.68 billion yuan, an increase of 27.3%, indicating strong demand for high-end manufacturing imports. The import of metal ore was 73.77 billion yuan, an increase of 5.1%, of which the import of iron ore was 35.3 billion yuan, an increase of 10.5%. The import of agricultural products was 40.31 billion yuan, an increase of 17.4%, of which the import of grain was 12.01 billion yuan, a significant increase of 78.4%; The import of edible aquatic products reached 5.19 billion yuan, an increase of 29.2%.

Fuzhou and Xiamen have shown good growth in foreign trade. The foreign trade market continues to play a leading role, with imports and exports in Fuzhou reaching 124.62 billion yuan, an increase of 24.7%; Xiamen's import and export reached 418.2 billion yuan, an increase of 12.6%. (Zou Yuan/Text)