On October 17, Zhengzhou Customs announced that Henan's total import and export value reached 541.58 billion yuan in the first three quarters of this year. In September, the import and export value was 80.34 billion yuan, reflecting a year-on-year increase of 0.9%, which was higher than the national growth rate for the same period.
The vitality of foreign trade enterprises continues to grow. In the first three quarters, Henan reported a total of 11,917 foreign trade companies with profits, reflecting a year-on-year increase of 9.9%, or an addition of 1,074 companies. Both the growth rate and the increase in the number of companies ranked first in Central China. In terms of foreign trade scale, 727 key enterprises recorded foreign trade value exceeding 50 million yuan, collectively accounting for 88.7% of Henan's total foreign trade value.
The importance of opening-up platforms remains significant. In the first three quarters, the total import and export value of Henan's comprehensive bonded zones reached 262.07 billion yuan, accounting for 48.4% of the province’s total. This serves as robust support for the growth of local foreign trade. In September alone, the import and export value of these zones reached 50.19 billion yuan, representing a year-on-year increase of 2.6%.
The provincial foreign trade markets are experiencing diversified development, maintaining growth in volume with over 100 countries and regions. In the first three quarters, Henan's import and export value with countries of the Belt and Road Initiative were 258.13 billion yuan, while trade with ASEAN, the EU, Latin America, and Africa, amounted to 76.92 billion yuan, 67.96 billion yuan, 62.1 billion yuan, and 21.7 billion yuan, respectively. These figures showed year-on-year increases of 1%, 1.7%, 5.3%, 8.6%, and 18.2%.
Henan's export product structure has continuously optimized. In the first three quarters, the export value of automobiles, aluminum materials, silver, furniture, and construction machinery all recorded double-digit growth, contributing to a 3.6 percentage point increase in the province's foreign trade export value. Specifically, the export value of automobiles rose by 22.3% year-on-year to 23.08 billion yuan, aluminum materials surged by 38.8% to 18.51 billion yuan, silver grew by 22% to 8.15 billion yuan, furniture saw a 15.5% increase to 7.58 billion yuan, and construction machinery soared by 63.8% to 4.12 billion yuan with shield tunneling machine exports notably growing by 202.1%. Nationally, Henan ranked first in exports for ten types of commodities, including aluminum materials, hair products, buses, silver, titanium dioxide, and shield tunneling machines.
In terms of new momentum in foreign trade, Henan's exports of electric vehicles, solar products, and lithium batteries totaled 77.8 billion yuan, marking an 11.4% year-on-year increase. Specifically, electric vehicle exports amounted to 51.7 billion yuan, reflecting a significant year-on-year growth of 67.3%. The export value of solar products and lithium batteries were 13.7 billion yuan and 12.4 billion yuan, respectively.
In the first three quarters, all ten prefecture-level regions, including Zhengzhou, Jiyuan, Luoyang, Sanmenxia, Xuchang, Jiaozuo, Kaifeng, Puyang, Nanyang, and Xinxiang, recorded import and export value exceeding 100 billion yuan. Together, they accounted for 93% of the province's total foreign trade volume, with Zhengzhou alone contributing 63.8%. (Chinese source: Henan Daily Reporter: Li Xiaohan Translator: Zhou Jinmiao Intern: Yan Jinyi Proofreader: Ding Lan and Zhao Hanqing)
