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Guiyang sees jump in foreign trade

eguiyang.com.cn|Updated: July 27, 2023

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An aerial view of the Guiyang International Land Port. [Photo/WeChat account of Guiyang foreign affairs office]

Over the first five months of this year, Guiyang, capital of Southwest China's Guizhou province, reported a total import and export value of 25.1 billion yuan ($3.50 billion), which is an annual growth of 51.9 percent and 4.7 percentage points higher than the provincial total, according to Guiyang Customs.

The provincial import and export value surpassed 32.7 billion yuan, indicating a year-on-year increase of about 47 percent.

From January to May, the three free trade zones in Guizhou achieved a total import and export value of 12.1 billion yuan, indicating an increase of 100.4 percent and accounting for 36.9 percent of the province's total import and export volume. Among them, the Guiyang Free Trade Zone reached 5.77 billion yuan, showing an 85.9 percent increase, and the Guian Free Trade Zone reached 4.18 billion yuan, with a growth of 108.3 percent.

During this period, the import and export value of Guizhou's private enterprises increased by nearly 89 percent to 23.29 billion yuan, while that of its foreign-invested enterprises reached nearly 1.2 billion yuan.

To date, Guizhou's foreign trade partners have expanded to more than 170 countries and regions. Additionally, railway services such as the China-Europe freight trains, the China-Laos Railway, and the Guizhou-Guangdong trains have converged at Guiyang International Land Port, making it an important and convenient channel for Guizhou's goods to hit international markets.