China’s Jiangsu sees record foreign trade in 2020
Written by tokyoclub on January 21, 2021
NANJING, Jan. 21 (Xinhua) — East China’s Jiangsu Province saw its foreign trade grow by 2.6 percent year on year to a record high of 4.45 trillion yuan (about 688.9 billion U.S. dollars) in 2020, despite the COVID-19 pandemic, according to customs figures.
Of the total, Jiangsu’s exports hit 2.74 trillion yuan in 2020, up 0.9 percent year on year, while imports totaled 1.7 trillion yuan, up 5.5 percent.
The province’s trade volumes with the European Union, the United States, the Association of Southeast Asian Nations, South Korea and Japan accounted for 62.9 percent of its total, while its trade with countries along the Belt and Road rose by 1.9 percent to about 1.1 trillion yuan in 2020.
Private enterprises continued to play an important role in driving the province’s foreign trade last year, contributing a volume of about 1.57 trillion yuan, up 14.7 percent over the previous year.