Xi'an import, export value tops 67b in Jan-Feb

The total value of imports and exports in January and February in Xi'an – capital of Northwest China's Shaanxi province – came in at 67.17 billion yuan ($9.26 billion), an increase of 6.6 percent compared with the same period last year.

To top it off, the performance was 7.8 percentage points higher than the national import and export growth rate.

Of the total, exports amounted to 46.56 billion yuan, an increase of 15.8 percent, while imports amounted to 20.61 billion yuan, a decrease of 9.7 percent. The trade surplus during the same period was 25.95 billion yuan.

In terms of categories, the value of processing trade was 35.26 billion yuan, an increase of 4.4 percent, accounting for 52.5 percent of the city's total import and export value.

In relation to trading partners, the import and export value to countries involved in the Belt and Road Initiative was 34.72 billion yuan, down 8.4 percent – accounting for 51.7 percent of the city's total import and export value.

In terms of trading entities, the total import and export value of foreign-invested enterprises was 42.45 billion yuan. The value of trade conducted by private enterprises was 21 billion yuan, a decrease of 10 percent, while trade done by state-owned enterprises was 3.46 billion yuan during the period, an increase of 116.2 percent.

The export value and import value of mechanical and electrical products was 41.54 billion yuan and 14.43 billion yuan, up 17.5 percent and down 16.8 percent, respectively.