In the first quarter of this year, the foreign trade import and export reached 33.51 billion yuan, a year-on-year increase of 36.2%. The total amount ranked sixth in the province, and the ranking one place higher than the same period of last year, the growth rate ranking second in the province. Exports were 19.98 billion yuan, an increase of 19%; imports were 13.53 billion yuan, an increase of 73.3%, and the growth rate ranked first in the province, achieving a good start.

The national policy is an important reason for the substantial growth of our foreign trade in the first quarter. RCEP will come into effect in 2022, and the new institutional dividend will further strengthen the economic and trade exchange between Yancheng and ASEAN, and help our foreign enterprises to explore the ASEAN market. In the first quarter, the city’s import and export to ASEAN was 8.94 billion yuan, an increase of 1.17 times. Since the Belt and Road initiative was put forward in 2013, the trade between Yancheng and the countries along the Belt and Road has become increasingly close. In the first quarter of this year, the city’s import and export to countries along the Belt and Road reached 13.81 billion yuan, an increase of 103%.