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Fujian's foreign trade volume grows 9.2% in Jan-Sept

chinadaily.com.cn | Updated: 2022-11-07

East China's Fujian province's import and export volume increased 9.2 percent year-on-year to 1.48 trillion yuan ($204.73 billion) during the first three quarters of this year, according to statistics from Fuzhou Customs.

The province's export volume hit 903.09 billion yuan, an increase of 14.2 percent, while its import volume reached 580.18 billion yuan, an increase of 2.3 percent.

During the first three quarters of this year, mechanical and electrical products were the province's major exports, generating 335.28 billion yuan in export volume, with a year-on-year increase of 15.5 percent and accounting for 37.1 percent of the province's total exports.

To further boost foreign trade, the province has explored wider export channels for its companies to accept ordering from abroad.

For example, the first China-Europe (Xiamen) cold-chain train set off on Oct 19 from the Xiamen Area of the China (Fujian) Pilot Free Trade Zone. It is bound for Moscow.

In addition, the Regional Comprehensive Economic Partnership agreement, which took effect on Jan 1, has been contributing to the growing foreign trade volume of Fujian's companies.

Statistics from January to September showed that Fuzhou Customs issued a total of 3,991 RCEP certificates of origin for export goods with a visa value of 1.64 billion yuan. Customs helped companies gain import tax incentives totaling about 13.98 million yuan for imported goods worth 1.05 billion yuan from RCEP member countries.

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