Sichuan posts 13.8 pct growth in foreign trade

Source: Xinhua| 2020-01-17 20:41:14|Editor: Yurou
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CHENGDU, Jan. 17 (Xinhua) -- Southwest China's Sichuan Province registered 676.6 billion yuan (around 98.65 billion U.S. dollars) in foreign trade in 2019, up 13.8 percent year on year, customs figures showed Friday.

Sichuan's exports in 2019 reached 389.23 billion yuan, up 16.8 percent from 2018, while its imports rose by 9.9 percent to 287.36 billion yuan, according to Chengdu Customs.

Pan Xudong, director of the statistic analysis department of Chengdu Customs, ascribed the growth to Sichuan's stable economy, exploration of emerging markets and the positive effects of foreign trade policies.

Statistics showed the mechanical and electrical products accounted for 82.1 percent and 87.5 percent of the province's total exports and imports, respectively.

In 2019, Sichuan's imports and exports to countries along the Belt and Road and Latin American countries increased by 20 percent and 36.3 percent, respectively. Meanwhile, the province's foreign trade with the United States, ASEAN and the European Union maintained growth.

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