Foreign trade grows 23.5% in H1
2025-07-23 19:07:25
By Yan Wanqin.
Yichang's foreign trade grew by 23.5 percent year-on-year in the first half of 2025, with total import and export value reaching 27.19 billion yuan (US$3.79 billion).
During this period, exports rose by 27.8 percent to 21.73 billion yuan while imports rose 9.2 percent to 5.46 billion yuan.
General trade accounted for 91.4 percent of total trade, growing 43.2 percent to 24.87 billion yuan. Processing trade and bonded logistics trade contributed 820 million yuan and 1.45 billion yuan, respectively.
Private companies in the city were the main drivers of growth, contributing 21.35 billion yuan, or 78.5 percent of the total. State-owned enterprises accounted for 3.07 billion yuan, while foreign-invested firms saw a notable 38.9 percent rise to 2.77 billion yuan.
ASEAN remained Yichang's largest trading partner, with trade growing 46.1 percent to 7.1 billion yuan. Trade with Belt and Road Initiative member countries rose 36.5 percent to 17.5 billion yuan. Trade with Regional Comprehensive Economic Partnership (RCEP) countries rose by 29.8 percent to 10.12 billion yuan.
The city’s top export sectors were electromechanical products (5.58 billion yuan), labor-intensive goods (3.6 billion yuan), and agricultural products (2.05 billion yuan). Imports were dominated by agricultural products (1.08 billion yuan), basic organic chemicals (770 million yuan), and electromechanical products (660 million yuan).
Yang Jing contributed to this story.
Yichang's foreign trade grew by 23.5 percent year-on-year in the first half of 2025, with total import and export value reaching 27.19 billion yuan (US$3.79 billion).
During this period, exports rose by 27.8 percent to 21.73 billion yuan while imports rose 9.2 percent to 5.46 billion yuan.
General trade accounted for 91.4 percent of total trade, growing 43.2 percent to 24.87 billion yuan. Processing trade and bonded logistics trade contributed 820 million yuan and 1.45 billion yuan, respectively.
Private companies in the city were the main drivers of growth, contributing 21.35 billion yuan, or 78.5 percent of the total. State-owned enterprises accounted for 3.07 billion yuan, while foreign-invested firms saw a notable 38.9 percent rise to 2.77 billion yuan.
ASEAN remained Yichang's largest trading partner, with trade growing 46.1 percent to 7.1 billion yuan. Trade with Belt and Road Initiative member countries rose 36.5 percent to 17.5 billion yuan. Trade with Regional Comprehensive Economic Partnership (RCEP) countries rose by 29.8 percent to 10.12 billion yuan.
The city’s top export sectors were electromechanical products (5.58 billion yuan), labor-intensive goods (3.6 billion yuan), and agricultural products (2.05 billion yuan). Imports were dominated by agricultural products (1.08 billion yuan), basic organic chemicals (770 million yuan), and electromechanical products (660 million yuan).
Yang Jing contributed to this story.
