In 2018, Changzhou achieved a total foreign trade volume of $34.39 billion, an increase of 10% year-on-year, reaching a historic high in import and export volume.
Facing the complicated and ever-changing international market situation, Changzhou’s exports rose 9.3% year-on-year to $25.07 billion last year, while imports grew 11.9% to $9.31 billion.
In 2018, Changzhou’s exports to the EU and the United States increased by 20.7% and 11.9% respectively. Exports to emerging markets in Africa, Latin America and ASEAN increased by 17.3%, 17.1% and 10.6% respectively. Meanwhile, exports to the “Belt and Road” countries reached $8.16, an increase of 7.8%.
Exports and imports of products under the general trade category, which has a higher added-value than processing trade, accounted for 78.9% of total foreign trade, 0.8 percentage points higher than 2017.
The top 50 export enterprises in the city achieved a total export volume of $8.63 billion, a year-on-year increase of 13.9%. The top 50 import enterprises achieved a total import volume of $5.66 billion, up 16.8% year-on-year, accounting for 60.8% of Changzhou's total imports.
Imports have increased substantially, with $4.79 billion in mechanical and electrical products, $1.14 billion in chemical products and $760 million in metal products, up 19.8%, 10.2% and 26.5% respectively. Foreign-invested enterprises imported equipment totaling $160 million throughout the year, an increase of 10.4%.
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