WND sees record foreign trade growth in Jan-Aug

According to customs data, Wuxi New District achieved a total import and export value of 253.2 billion yuan ($35.88 billion) from January to August, marking a 10 percent year-on-year increase and the highest level in two years. The district accounted for 50.7 percent of the city's total foreign trade.

In August alone, imports and exports reached a historic high of 37.99 billion yuan, a 25.4 percent increase compared to last year.

SK Hynix's production base in Wuxi New District. [Photo/WeChat account: xinwu_wx]

The surge in economic growth has been primarily attributable to key industries, with the integrated circuit sector playing a pivotal role. SK Hynix, a participant in the WND, bolstered its production, resulting in a substantial 47 percent year-on-year increase in imports and exports. Additionally, consumer electronics have continued to expand, with Apple-related companies recording a trade value of 25.1 billion yuan for the first eight months of the year.

Sunan Shuofang International Airport in WND. [Photo/WeChat account: xinwu_wx]

WND has launched a cross-border trade facilitation initiative to support this momentum, partnered with customs and the Sunan Shuofang International Airport to enhance clearance efficiency, increased flights to key regions, and expanded specialized port services.