Yancheng’s foreign trade continues to maintain rapid growth, following the surpassing of 100 billion yuan in the first seven months. According to customs statistics, the total value of goods trade from January to August reached 114.36 billion yuan, a year-on-year increase of 21%, ranking sixth in the province for total volume and fourth for growth rate. Exports totaled 71.36 billion yuan, up 4%, while imports surged by 66.1% to 43 billion yuan.

Analysis of the first eight months reveals growth in both general and processing trade. The city’s general trade reached 76.65 billion yuan, growing by 12.2%, accounting for 67% of total imports and exports. Processing trade amounted to 20.55 billion yuan, increasing by 17.1%, representing 18% of Yancheng’s foreign trade.

Private enterprises accounted for over half of the import and export value, with foreign-invested and state-owned enterprises also showing significant growth. In the first eight months, private enterprises reported imports and exports of 62.56 billion yuan, a rise of 4.3%, making up 54.7% of the total. Foreign-invested enterprises reached 43.69 billion yuan, increasing by 31%, while state-owned enterprises saw a remarkable growth to 8.11 billion yuan, up 5.7 times.

The city’s main trading partners during this period included ASEAN, South Korea, the United States, and the EU, with values of 20.46 billion yuan, 20.34 billion yuan, 11.96 billion yuan, and 9.47 billion yuan respectively, collectively accounting for over half of Yancheng’s import and export share. From January to August, trade with countries involved in the Belt and Road Initiative totaled 70.14 billion yuan, growing by 22.4%, representing over 60% of the total.

In exports, nearly 70% were electromechanical products, with significant growth in automotive and auto parts exports. Electromechanical product exports reached 48.14 billion yuan, up 2.2%, making up 67.5% of total exports. Notably, automotive exports soared to 9.17 billion yuan, a growth of 217.8%, and auto parts exports reached 3.79 billion yuan, growing by 91.4%. Additionally, the city’s "new three samples" (lithium batteries, photovoltaic products, and electric vehicles) totaled 17.02 billion yuan in exports, accounting for nearly a quarter of total exports. Textile yarns and products exported amounted to 3.26 billion yuan, growing by 12.6%, while plastic products and basic organic chemicals also saw increases.

On the import side, electronic information, consumer goods, and bulk commodities continued to grow. In the first eight months, imports from the electronic information industry reached 10.21 billion yuan, an increase of four times, while agricultural product imports rose to 3.37 billion yuan, a growth of 0.6%. Additionally, significant increases were noted in the import of iron ore, pulp, general machinery, edible plant oils, and sugar.