General

On December 13, according to the data of Zhengzhou Customs, the total import and export value of Henan Province in the first 11 months of 2022 was 770.93 billion yuan, up 8% year on year (the same below). Among them, the export was 475.24 billion yuan, up 10%; Import was 295.69 billion yuan, up 5%; The trade surplus was 179.55 billion yuan.

From the perspective of trade structure, the import and export of processing trade in Henan Province accounted for about 60%, and the import and export of general trade and bonded logistics kept rising. According to customs data, in the first 11 months, the province's import and export by processing trade was 455.26 billion yuan, up 3.9%, accounting for 59.1% of the province's foreign trade import and export value, down 2.4 percentage points; The import and export through general trade was 276.18 billion yuan, an increase of 13.2%, accounting for 35.8% of the province's foreign trade import and export value, and the proportion increased by 1.6 percentage points. Industry insiders believe that with the continuous increase of the proportion of general trade methods, the ability of foreign trade to stimulate local industries is growing, and the foreign trade structure of the province will be more balanced.

From the perspective of market structure, Henan's import and export to its major trading partners has kept growing, and its import and export growth to RCEP member countries and countries and regions along the "the Belt and Road" is higher than the overall growth of foreign trade. Specifically, customs data show that in the first 11 months, the United States, ASEAN, the European Union, Taiwan, China, and South Korea were the top five trading partners of Henan Province, and their import and export values increased. It is worth noting that Henan's import and export to RCEP member countries reached 232.99 billion yuan, an increase of 19.4%, accounting for 30.2% of the total foreign trade value. In particular, the import and export to ASEAN and South Korea increased by 31.4% and 19.7% respectively. Import and export to countries and regions along the "the Belt and Road" reached 204.8 billion yuan, up 30.4%. The province's foreign trade enterprises have made remarkable achievements in opening up the international market.

From the perspective of business entities, private enterprises have the fastest growth rate and increased their proportion. According to customs data, in the first 11 months, the import and export of private enterprises in Henan Province reached 369.8 billion yuan, an increase of 14%, accounting for 48% of the province's total foreign trade value, an increase of 2.5 percentage points; The import and export of foreign-invested enterprises reached 333.91 billion yuan, an increase of 2.6%, accounting for 43.3% of the province's total foreign trade value, down 2.3 percentage points. Relevant persons in charge of Zhengzhou Customs believe that thanks to the release of dividends from the policy of stabilizing foreign trade, the number of private enterprises with import and export performance in the province has continued to grow since 2022, becoming an important support for the development of foreign trade.

From the perspective of commodity structure, mobile phones and their parts are the main import and export commodities in Henan Province. The total import and export of mobile phones, integrated circuits, audio and video parts, and flat panel display modules totaled 401.67 billion yuan, accounting for 52.1% of the total import and export value of the province. In addition, the export of labor-intensive products such as textiles, clothing and furniture, as well as aluminum, agricultural products and automobiles, showed outstanding performance, with the growth rate higher than the provincial average.

From the regional perspective, 10 places in Henan Province have an import and export value of more than 10 billion yuan. According to customs data, in the first 11 months, the import and export value of Zhengzhou (545.08 billion yuan), Jiyuan (27.56 billion yuan), Xuchang (23.95 billion yuan), Nanyang (22.97 billion yuan), Sanmenxia (21.56 billion yuan), Luoyang (19.34 billion yuan), Jiaozuo (18.44 billion yuan), Puyang (17.7 billion yuan), Xinxiang (14.23 billion yuan) and Zhoukou (10.76 billion yuan) accounted for 93.6% of the province's total foreign trade value, with Zhengzhou accounting for more than 70%. In terms of growth rate, the growth rate of imports and exports in 9 cities, including Puyang (84.7%), Nanyang (74.3%) and Pingdingshan (40.3%), exceeded the provincial average.