Jan-Sept data show robust foreign trade growth for Xi'an

In the first three quarters of 2022, exports from Xi'an – capital of Northwest China's Shaanxi province – maintained a robust growth trend, with a year-on-year increase of 20.6 percent, some 6.8 percentage points higher than that of the country.

During the period, the value of its total foreign trade amounted to 330.59 billion yuan ($45.38 billion), up 1.9 percent year-on-year.

The private sector in Xi'an saw growth in foreign trade in the three quarters. The value of the imports and exports by private companies totaled 116.6 billion yuan, an increase of 17.6 percent, accounting for 35.3 percent of the city's total foreign trade.

However, the imports and exports of foreign-funded enterprises and State-owned enterprises came in at 199.39 billion yuan and 14.02 billion yuan, down 3.9 percent and 18 percent, respectively.

In the nine months, the city's trade with the European Union and the Association of Southeast Asian Nations increased by 14.5 percent and 38.8 percent, respectively.

Also, Xi'an's trade with countries involved in the Belt and Road Initiative saw a year-on-year increase of 33.1 percent to 67.42 billion yuan, accounting for 20.4 percent of the city's total foreign trade.

Among exported products, mechanical and electrical products were on the rise – including integrated circuits, automatic data processing equipment and components, solar power cells, lithium-ion batteries and automobiles.

Other export commodities included textiles and clothing, agricultural products, cultural products, basic organic chemicals and textile yarns and products.