General

On June 17, Xingsha Customs released import and export data. In the first five months of this year, Changsha's total import and export value was 133.14 billion yuan, up 5.2% year on year. ASEAN is the largest trading partner of Changsha, with a total trade value of 30.01 billion yuan, up 9.7% year on year, accounting for about one-fifth of the city's total foreign trade value.

According to the import and export data, in the first five months, as the second largest trading partner of Changsha, the EU and the third largest trading partner of the United States, their total trade value declined year-on-year. The fourth largest trading partner is South Korea, with a year-on-year increase in total trade value of about 30%. According to the import and export data, Changsha's import and export to countries along the "the Belt and Road" totaled 55.47 billion yuan, up 19.7% year on year; The import and export to other RCEP member countries and Africa were 46.7 billion yuan and 11.37 billion yuan, respectively, with year-on-year growth of 7.6% and 33.7%.

Changsha's general trade imports and exports accounted for over 80%, with imports and exports through bonded logistics reaching 5.75 billion yuan, a year-on-year increase of 38%. Import and export data shows that private enterprises are active in foreign trade, with imports and exports reaching 112.8 billion yuan, accounting for 84.7% of the city's total foreign trade value. Both state-owned enterprises and foreign-invested enterprises have experienced varying degrees of growth in their imports and exports.

According to import and export data, in terms of import and export products, Changsha's exports of mechanical and electrical products in the first five months accounted for about half of its total export value, with exports of automobiles reaching 4.81 billion yuan, doubling year-on-year. Labor intensive products such as textiles and clothing, shoes and boots have all decreased. (Translated from: Hunan Daily)