General

According to customs data, in the first quarter of this year, the monthly growth rates of Hunan's foreign trade were 47.2%, 66.4%, and 66.7%, respectively, with a total import and export value of 179.38 billion yuan, a year-on-year increase of 58.3%. Among them, electric passenger cars, lithium batteries, and solar cells have become Hunan's new advantageous export products, with a year-on-year increase of 82.1%.

In the first quarter, Hunan had frequent economic and trade exchanges with 222 countries and regions. Among them, ASEAN, the United States, and the European Union are the top three trading partners, with import and export values of 41.15 billion yuan, 18.95 billion yuan, and 15.48 billion yuan, respectively. In addition, Hunan's import and export to countries along the "the Belt and Road" reached 72.05 billion yuan, up 93.1%, accounting for 40.2% of the province's total foreign trade, 7.2 percentage points higher than the same period last year. Import and export to other RCEP member countries reached 60.74 billion yuan, an increase of 61.5%.

"This year, the European market has picked up as a whole, and the export volume of the European market in the first quarter increased by nearly 150% year on year." Wei Xufang, deputy general manager of Hunan New Yasheng Optoelectronics Co., Ltd. and head of the International marketing Center, said that the company has further developed the international market by going to Spain, Italy and other countries to participate in exhibitions without stopping. In February alone, the company received nearly $3 million in orders through the exhibition.

Since the beginning of this year, Hunan has strongly supported enterprises to participate and expand overseas. In February, Hunan released the "20 Stable Growth Measures", proposing to provide proportional support for booth fees for enterprises participating in key overseas exhibitions. The Hunan Provincial Department of Commerce subsequently formulated an action plan and released a catalog of 106 key overseas exhibitions, encouraging foreign trade enterprises to seize international market opportunities and accurately explore key markets, enterprises, and products.

With the support of preferential policies, Hunan enterprises have taken a "reassuring pill". The resumption of international routes provides a "high-speed" air logistics guarantee for foreign trade growth. Since the beginning of this year, Hunan has opened and resumed multiple international routes. As of now, there are 16 international passenger and cargo routes flying in Changsha. In the first quarter, the number of international freight routes flown by Changsha Airport doubled year-on-year, with a total of 134 round-trip flights.

Expert analysis shows that the monthly improvement of Hunan's foreign trade imports and exports is inseparable from the full vitality and proactive actions of foreign trade enterprises, actively seizing orders and expanding the market. According to customs data, in the first quarter, Hunan's imports and exports to emerging markets such as the Middle East, Latin America, and Africa increased by 140.6%, 51.3%, and 82.6% year-on-year, respectively. Compared to the three major emerging markets, imports and exports increased by 82% year-on-year, which is 23.7 percentage points higher than the overall growth rate of foreign trade.

The import and export structure continues to be optimized, and the export growth of new advantageous products is significant. According to customs data, in the first quarter, Hunan exported 56.13 billion yuan of mechanical and electrical products, an increase of 85.3%, accounting for 44.7% of the province's total export value during the same period. The "new three types" of electric manned vehicles, lithium batteries, and solar cells have become Hunan's new advantageous export products, with a total export of 1.41 billion yuan, an increase of 82.1%, which is 23.8 percentage points higher than the overall growth rate of foreign trade.

In recent years, Hunan has upgraded and constructed the "3+3+2" industrial cluster, striving to create an important advanced manufacturing highland in the country. While consolidating and enhancing the international advanced position of advantageous industrial clusters such as engineering machinery, rail transit equipment, small and medium-sized aviation engines, and aerospace equipment, we vigorously develop green and low-carbon industries, accelerate the layout of green industries such as advanced energy storage materials, intelligent connected vehicles, energy conservation and environmental protection, new energy, and power equipment, and promote the industrialization of hydrogen energy.

The driving effect of advanced manufacturing industry clusters is obvious. According to customs data, in the first quarter, Hunan's import and export of construction machinery reached 6.5 billion yuan, an increase of 147%; The import and export of rail transit equipment reached 470 million yuan, an increase of 136.1%; The import and export of aerospace equipment reached 160 million yuan, an increase of 16.3%. From January to February this year, Hunan's exports of new energy vehicles to Europe surged, with Changsha BYD Automobile Co., Ltd. ranking first in the province's export of electric vehicle carriers.

How to enhance the export enthusiasm of advanced manufacturing enterprises? We will strengthen tax policy research and promote the inclusion of multiple key products in Hunan's advanced manufacturing industry in the industrial structure guidance catalog or foreign investment industry catalog. In the first quarter, enterprises across the province shared a tax reduction of 58.17 million yuan from import tax preferential policies, most of which were advanced manufacturing enterprises, "said the relevant person in charge of Changsha Customs.

At the same time, Hunan has customized specialized train supervision plans for advanced manufacturing enterprises, such as railway cage vehicles and construction machinery. According to customs data, in the first quarter, Hunan exported 5220 vehicles through the China Europe Express, a year-on-year increase of 37.4%.