Xiamen Customs reports a significant increase in export volume from the city's customs special supervision zone, with a growth rate exceeding 82.2 percent compared to the same period last year.
From January to April, Xiamen achieved a total import and export value of 320.11 billion yuan ($45.43 billion), marking a 15.6 percent year-on-year growth.
During the first four months of this year, the city's imports amounted to 170.97 billion yuan, rising by 25.4 percent, while its exports reached 149.14 billion yuan, showing a 6 percent increase.
In April alone, Xiamen's total import and export value reached 86.69 billion yuan, a 22.9 percent growth compared to the previous year. Notably, imports surged by 30.1 percent to 45.49 billion yuan, while exports increased by 15.7 percent to 41.2 billion yuan.
Private enterprises remain the main driving force behind Xiamen's foreign trade. From January to April, the city's private enterprise import and export value reached 141.68 billion yuan, representing a remarkable growth rate of 36.9 percent. This accounts for 44.3 percent of the city's total foreign trade value. State-owned enterprises accounted for 35.8 percent of Xiamen's foreign trade, with an import and export values totaling 114.54 billion yuan, while foreign-invested enterprises contributed 19.9 percent of the city's total. That equals to 63.8 billion yuan in import and export value.
The top three trading partners for Xiamen are ASEAN, the EU, and the US. Trade with these related countries accounted for 18.3 percent, 14.4 percent, and 11.5 percent of the city's total import and export value. Xiamen also experienced a significant growth of 34.1 percent in trade with countries involved in the Belt and Road Initiative, with a total import and export value of 126.08 billion yuan.
Furthermore, Xiamen's trade with other RCEP member countries exceeded 100 billion yuan in the first four months of this year. The city's import and export value with these countries reached 105.34 billion yuan, showing an increase of 11.9 percent. Trade with Indonesia and Australia, in particular, saw growth rates surpassing 40 percent.
Additionally, Xiamen has deepened its trade relations with BRICS countries. From January to April, the city's import and export value with BRICS countries amounted to 34.96 billion yuan, representing a remarkable growth rate of 64.9 percent. Imports and exports with BRICS countries have kept an upward trend for 12 consecutive months.