In July, Nantong's foreign trade imports and exports increased by over 30%, and ship exports reached a historic high

According to the Nantong Daily, from January to July this year, Nantong's foreign trade imports and exports amounted to 268.69 billion yuan, a year-on-year increase of 14.3%, and the total import and export value continued to rank fourth in the province. The performance in July was particularly impressive. The city's import and export reached a new high of 46.1 billion yuan in nearly 10 months, with a year-on-year increase of 30.3%. Among them, exports reached 31.5 billion yuan, breaking through 30 billion yuan for the first time this year, an increase of 33.8%; Imports reached a record high of 14.6 billion yuan, an increase of 23.3%.

From the perspective of major trading partners, in July, Nantong's imports and exports to ASEAN, EU, South Korea, and the United States were 9.13 billion yuan, 6.81 billion yuan, 4.64 billion yuan, and 3.05 billion yuan, respectively, an increase of 71.7%, 30.4%, 165.3%, and 14.5%; The import and export to the Middle East amounted to 1.51 billion yuan, with a significant narrowing of the decline. The surrounding and traditional markets are growing strongly, while emerging markets are gradually recovering.

In terms of exports, the product structure continues to optimize, with ships and new energy equipment becoming the two major growth poles. In July, the city's exports of mechanical and electrical products reached 20.97 billion yuan, an increase of 59.3%, accounting for 66.6% of the total export value. Among them, ships were delivered intensively, with an export value of 7.22 billion yuan, reaching a historical high and a year-on-year increase of 368.2%; The exports of lithium batteries, wind turbines, solar cells, and wires and cables increased by 20.4%, 771.7%, 74.9%, and 24.2% respectively. The competitiveness of 'Nantong Manufacturing' continues to be demonstrated.

In terms of imports, natural gas and electromechanical equipment are dual wheel drive. In July, the import volume and price of liquefied natural gas increased by 32% and 18.5% respectively, with an import value of 4.07 billion yuan, an increase of 56.4%. During the same period, the import of mechanical and electrical products reached 4.41 billion yuan, an increase of 34.6%.

Since the beginning of this year, over 60% of foreign trade enterprises in Nantong have achieved growth in imports and exports, and their vitality and development confidence have continued to strengthen. The two major advantageous industries of shipbuilding and marine engineering, as well as electrical equipment, have a good economic outlook, with continuous expansion of growth and strong momentum in key areas. Overall, positive factors in the city's foreign trade continue to accumulate, and the trend of stable and positive fundamentals will be further consolidated.