In the first quarter of this year, the city of Yixing registered a total import and export value of RMB 8.06 billion, a year-on-year increase of 29.3%. Export stood at RMB 5.87 billion, up by 18% against the previous year, and import reached RMB 2.19 billion, up 74.3% year-on-year. Foreign trade volume, export and import all hit a record high in the same period of previous years.
Private enterprises achieved substantial growth in import and export and foreign trade entities enjoyed increasing vitality. The first quarter saw the import and export value of private enterprises in Yixing arriving at RMB 5.8 billion, an increase of 50.7% year-on-year, accounting for 71.9% of the total foreign trade volume, 10.5 percentage points higher than the same period last year. Private enterprises proved the main force in stabilizing foreign trade and demonstrated strong resilience.