Foreign Trade Updates
Thoroughly: China's' Bright Shield 'Defends International Economic and Trade Order
On May 2, China’s Ministry of Commerce issued a ban under the Blocking Measures, prohibiting compliance with US sanctions on 5 Chinese private petrochemical firms (including Hengli) over Iranian oil transactions. This defends enterprises’ legitimate rights, opposes US unilateral sanctions, and supports global energy supply chain stability.
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The spokesperson of the Ministry of Commerce answered reporters' questions on blocking the United States from imposing sanctions on five Chinese companies related to Iranian oil
On May 2, 2026, China's Ministry of Commerce issued a ban not recognizing, enforcing or complying with US sanctions against five Chinese petrochemical companies (included in SDN List for alleged Iranian oil transactions) to safeguard national interests and oppose US unilateral sanctions lacking international legal basis.
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The "Three New Trends" of the Canton Fair reflect the new trend of China's foreign trade structure towards optimization
The 139th Canton Fair concluded on May 5 in Guangzhou, presenting three new trends (new zones, new products, new markets) that reflect China's foreign trade structural progress. New purchasers are mainly from Belt and Road countries, with Latin America and Africa seeing rapid growth.
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Guangzhou Pazhou Port Duty Free Shop officially operates (pictured)
On the 139th Canton Fair, Guangzhou Pazhou Port Duty Free Store opened, offering "sea intermodal+duty-free shopping" for outbound passengers. Customs tailored supervision plans to ensure compliant duty-free goods, boosting GBA cross-border consumption and Guangzhou's international consumption hub construction.
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China Blue News: 'Preferred Port' Accelerates Again: Import and Export Volume between Ningbo and Central and Eastern Europe Exceeds 14 Billion RMB in Q1 2026
In Q1 2026, Ningbo’s import/export with Central and Eastern European countries reached 14.5 billion yuan (8% QoQ growth). Customs measures like advance declaration, origin certificates, and info services boosted trade, including 1.5x year-on-year agricultural product import growth.
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The import and export volume of airports and ports both increased in the first quarter
Ningbo Airport Port's import/export value reached 8.63 billion yuan in Q1 2026, up 162.4% YoY. Hong Kong is the largest partner, EU trade surges 15x. Key goods include electromechanics, agricultural products, textiles, boosting regional foreign trade quality.
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Mount Huangshan bamboo products sell well in Malaysia
Mount Huangshan’s bamboo leaf products are exported to Southeast Asia; Hefei Customs provides green channel, tailored assistance for timely clearance and freshness; Q1 agricultural exports up 7.3% YoY; customs will optimize to boost local export economy.
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The European layout has added an important node, and the China Europe freight train (Zhengzhou) Duisburg route has been opened
On April 26, the X8037 China Europe freight train (Zhengzhou) carrying new energy vehicles and other goods departed for Duisburg, Germany, increasing its European direct stations to 12. It supports "Made in Henan" exports, with Zhengzhou Customs providing convenient clearance services, and is a key "Belt and Road" logistics brand.
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The volume of China Europe freight trains from Linyi to Russia has doubled (see chart)
On April 28, 2026, a China-Europe freight train from Linyi, Shandong to Russia (via Erenhot Port) departed with diesel engines, tractors etc. Q1 2026 saw 48 trains (128.57% YoY growth) worth 6.547B yuan. Two-way trade (exports: industrial products; imports: Russian timber) benefits from industrial complementarity, with Linyi Customs cutting costs by ~11.6M yuan in Q1.
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Yantai's squid products are selling well in the international market (picture)
Yantai Ruihe Food Co., Ltd. exports squid products to Russia after passing Yantai Customs inspection. The company produces squid ingredients in three series meeting Russian consumer needs. Yantai Customs offers green channel and facilitation measures to boost efficient export.
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Fujian Province's canned food export scale ranked first in the country in the first quarter of this year
In 2026 Q1, Fujian's canned food exports hit 690 million yuan (up 3% YoY, No.1 nationwide). ASEAN is the largest market. Private enterprises dominate (90.6%), with vegetable cans (74.8%) as the main category. Fuzhou Customs supports via origin policies and convenient clearance to boost exports.
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The export scale of construction machinery in Fujian Province exceeded 2 billion yuan in the first quarter of this year
Fujian's construction machinery industry transforms to new energy/high-end, with Q1 2026 exports of 2.4b yuan (up 17.3%). ASEAN/Africa are key markets (43.3% of total), general trade dominates (89.6%). Foreign/private enterprises are main exporters. Fuzhou Customs provides one-on-one guidance for smooth clearance.
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