Foreign trade in Yichang reaches 10.84 billion yuan in Q1
2025-04-25 19:04:11
By Ma Yuhan.
Yichang’s foreign trade totaled 10.84 billion yuan (US$1.49 billion) in the first quarter of 2025, an 11.2 percent increase year-on-year. Exports totaled8.35 billion yuan, up 7.2 percent, while imports soared 27 percent to 2.49 billion yuan.
General trade accounted for 91.8 percent of total trade, rising 26.7 percent to 9.96 billion yuan. Processing trade reached 470 million yuan, and bonded logistics trade totaled 370 million yuan, accounting for 4.4 percent and 3.5 percent respectively.
Private companies were the main contributors to this growth, generating 7.89 billion yuan in foreign trade, marking an 8.7 percent increase year-on-year. State-owned enterprises and foreign-invested enterprises contributed 1.55 billion yuan and 1.4 billion yuan respectively.
ASEAN imports and exports reached 2.5 billion yuan, growing 19.7 percent. Trade with Belt and Road Initiative countries increased 18.7 percent to 6.66 billion yuan. Trade with Regional Comprehensive Economic Partnership (RCEP) member countries rose by 22.4 percent to 3.91 billion yuan.
Top exports included electromechanical products (2.13 billion yuan), labor-intensive goods (1.31 billion yuan), and agricultural products (970 million yuan). Major imports included basic organic chemicals (490 million yuan), electromechanical products (330 million yuan), and agricultural products (190 million yuan).
Yang Jing and Huang Qian also contributed to this story.
Yichang’s foreign trade totaled 10.84 billion yuan (US$1.49 billion) in the first quarter of 2025, an 11.2 percent increase year-on-year. Exports totaled8.35 billion yuan, up 7.2 percent, while imports soared 27 percent to 2.49 billion yuan.
General trade accounted for 91.8 percent of total trade, rising 26.7 percent to 9.96 billion yuan. Processing trade reached 470 million yuan, and bonded logistics trade totaled 370 million yuan, accounting for 4.4 percent and 3.5 percent respectively.
Private companies were the main contributors to this growth, generating 7.89 billion yuan in foreign trade, marking an 8.7 percent increase year-on-year. State-owned enterprises and foreign-invested enterprises contributed 1.55 billion yuan and 1.4 billion yuan respectively.
ASEAN imports and exports reached 2.5 billion yuan, growing 19.7 percent. Trade with Belt and Road Initiative countries increased 18.7 percent to 6.66 billion yuan. Trade with Regional Comprehensive Economic Partnership (RCEP) member countries rose by 22.4 percent to 3.91 billion yuan.
Top exports included electromechanical products (2.13 billion yuan), labor-intensive goods (1.31 billion yuan), and agricultural products (970 million yuan). Major imports included basic organic chemicals (490 million yuan), electromechanical products (330 million yuan), and agricultural products (190 million yuan).
Yang Jing and Huang Qian also contributed to this story.
