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Anhui’s foreign trade up 14.1% in 2020

Pub Date:2021-01-20 10:11 Source:www.cnanhui.org

Anhui posted China's sixth highest growth rate in imports and exports last year, according to local authorities.

The province's foreign trade value stood at 540.64 billion yuan ($83.47 billion) in 2020, up 14.1 percent from a year earlier, Hefei Customs said on Tuesday.

The increase was 12.2 percentage points higher than the national average, bringing the province to the sixth spot in the country.

Exports reached 316.13 billion yuan, up 13.5 percent year on year, while imports rose 15 percent to 224.51 billion yuan.

The province’s imports and exports made up 1.7 percent of the national total in 2020, 0.2 percentage points higher than that in 2019. Meanwhile, they accounted for 4.6 percent of the total in the Yangtze River Delta region, compared to 4.2 percent last year.

Anhui’s foreign trade in 2020 featured improvements in the structure of trade, greater vitality in the foreign trade sector, diversified expansion of foreign trade market, substantial increases in imports of integrated circuits and agricultural products, rapid growth of traditionally-competitive exports and fast development of special customs supervision areas, Li Jin, an official with the custom house said.

The province’s foreign trade with the United States, the European Union and the Association of Southeast Asian Nations grew 20 percent, 11.9 percent and 14.2 percent year on year, respectively.

In addition, its foreign trade with countries and regions involved in the Belt and Road Initiative rose 11.8 percent, and that with 14 other countries signing the Regional Comprehensive Economic Partnership (RCEP) went up 13.9 percent.


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