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Foreign trade of NW. China's Xinjiang surges 0.5 pct in May

June 18, 2020


Abstract : Foreign trade of northwest China's Xinjiang Uygur Autonomous Region surged 0.5 percent from the previous month to 8.42 billion yuan, maintaining growth for three consecutive months, according to Xinjiang customs, reported local newspaper Xinjiang Daily Wednesday.

BEIJING, June 18 (Xinhua) -- Foreign trade of northwest China's Xinjiang Uygur Autonomous Region surged 0.5 percent from the previous month to 8.42 billion yuan, maintaining growth for three consecutive months, according to Xinjiang customs, reported local newspaper Xinjiang Daily Wednesday. 

From January to May, Xinjiang's imports and exports reached 44.05 billion yuan. Of this total, exports fell 33.2 percent year on year to 25.72 billion yuan, while imports bucked the trend by rising 31.9 percent year on year to 18.33 billion yuan, official data showed. 

Xinjiang's foreign trade is mainly engaged in small-scale border trade, with its total imports and exports reaching 20.52 billion yuan from January to May, accounting for 46.6 percent of Xinjiang's total foreign trade. 

As the main driving force of Xinjiang's foreign trade expansion, private enterprises contributed 29.6 billion yuan of imports and exports in the first five months, taking a significant portion for 67.2 percent. Trade volumes from state-owned enterprises edged up 9.6 percent year on year to 13.96 billion yuan. 

In the future, Xinjiang will take more measures to facilitate foreign trade and improve its business environment.

(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com) 

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Keyword: Xinjiang Foreign trade

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