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The "Corporate Task Force" Behind Anhui's 900 Billion Foreign Trade Value

The 'Corporate Task Force' Behind Anhui's 900 Billion Foreign Trade Value

Pub Date:25-12-15 11:36 Source:english.anhuinews.com

According to data from Hefei Customs, in the first 11 months of this year, Anhui Province's total import and export value reached 901.57 billion yuan, a year-on-year increase of 15.3%. This growth rate ranks fourth nationwide, and the scale of foreign trade has already surpassed that of the entire previous year.

Amid a complex and challenging year for global trade, Anhui's foreign trade surpassed the 900 billion yuan milestone, largely due to a "corporate task force" increasingly equipped with a global vision and operational capabilities. Among this force, private enterprises accounted for over 51% of the total import and export value, while foreign-invested and state-owned enterprises each accounted for less than a quarter. This reflects an enterprise structure that is continuously trending toward rationalization and optimization.

As this foreign trade "corporate task force" continues to deepen its presence in the complex global market, its defining characteristics have become increasingly clear: it is capable of seizing global "technological innovation pursuits" such as green transformation and digitalization to continuously build its own "moat" advantages; it possesses the courage to venture into the "uncharted waters" of global markets, gradually adapting to new market environments, diversifying its market reach, and reducing dependence on single markets; and it is advancing international operations systematically and strategically, moving beyond the mindset of "taking orders as they come" and focusing solely on product exports. Instead, it is elevating its global market capabilities through methods such as brand exports and even creating international IPs.

China is "an indispensable link in the global supply chain," with its trade structure continuously optimized and moving toward the high-end of the industrial and value chains. Within this trade structure, industrial finished products such as automobiles, integrated circuits, and machinery products serve as crucial pillars and engines driving overall trade growth.

Consumers worldwide are increasingly favoring automobiles "made in Anhui." According to the latest data from Hefei Customs, in the first 11 months of this year, Anhui Province exported 1.056 million automobiles (including chassis), surpassing the one-million mark in annual exports for the first time and maintaining its position as the top exporter nationwide. The export value reached 112.51 billion yuan, up 29.5% year-on-year.

The export performance of high-value-added "new trio" products in foreign trade is equally impressive, emerging as a new engine driving trade growth.

In the first 11 months of this year, Anhui Province's exports of electric vehicles, lithium-ion batteries, and photovoltaic products—collectively known as the "new trio"—totaled 85.29 billion yuan, ranking sixth nationwide. This represents a remarkable year-on-year growth of 88.2%, accounting for 14.1% of the province's total export value.

During the same period, Anhui Province exported 47.08 billion yuan worth of laptops and 32.81 billion yuan worth of household appliances, representing year-on-year growth rates of 19.2% and 5.2%, respectively.

The growth in exports of the "new trio" products, as well as laptops and household appliances, has been positively supported by trends such as rising global market demand.

As the new wave of technological revolution and industrial transformation deepens, one of its significant spillover effects is the increasingly robust global demand for efficient, eco-friendly, and intelligent products, particularly in the fields of new energy and high-tech products. The international market's pursuit of sustainable development and technological innovation has provided a broad development platform for Anhui enterprises.

Adapting to this global trend of demand upgrading by continuously enhancing technological capabilities and strengthening core competitiveness is becoming a key "moat" advantage for Anhui enterprises in global competition.

In recent years, Anhui has deeply advanced its "Anhui Going Global" overseas initiative and partnership program, actively promoting the "Going Global" strategy for local enterprises. In the first 11 months of this year, Anhui's exports to ASEAN and the EU grew by 37.4% and 18.5%, respectively.

Meanwhile, Anhui's total imports and exports with countries participating in the Belt and Road Initiative reached 488.36 billion yuan, a year-on-year increase of 15.9%, accounting for 54.2% of the province's total foreign trade value.

Continuous breakthroughs in diversifying market access have bolstered business confidence.

The combined effects of trade structure upgrading and market diversification have provided a sustained and resilient foundation for exports, consistently exceeding expectations.

Data show that in the first 11 months, Anhui's foreign trade exports reached 605.26 billion yuan, a year-on-year increase of 15.9%, while imports amounted to 296.31 billion yuan, up 14% year-on-year.

In the first 11 months of this year, private enterprises in Anhui recorded a total import and export value of 460.45 billion yuan, a year-on-year growth of 14.9%, accounting for 51.1% of the province's total foreign trade. Foreign-invested enterprises achieved an import and export value of 220.5 billion yuan, up 18.1% year-on-year, representing 24.4% of the province's total foreign trade. State-owned enterprises posted an import and export value of 220.56 billion yuan, a year-on-year increase of 13.3%, making up 24.5% of the province's total foreign trade.


Source: Anhui Daily 

Editor:Qin Shuying

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