How is the import and export situation of Jingzhou's enterprises amid the Covid-19 outbreak and the global market slump this year? According to a recent report released by the Jingzhou Municipal Bureau of Commerce, this year, the CPC Jingzhou Municipal Committee and the Jingzhou Municipal People's Government took effective measures to stabilize foreign trade and investment, developed high-risk overseas markets, achieved export growth and registered total imports & exports of 1.239 billion U.S. dollars as of October, including exports of 1.073 billion U.S. dollars.

The number of Jingzhou's key export enterprises with exports of over 10 million U.S. dollars has reached 20 with the recovery of demand

Currently Jingzhou's key export products fall into categories such as fine chemical, automotive parts, petroleum equipment, clothing & light industry and agricultural products.

In terms of key export enterprises, there were 3 enterprises with imports & exports of nearly or over 100 million U.S. dollars in Jingzhou as of August, including Adama with exports of 110 million U.S. dollars, Haixing with exports of 101 million U.S. dollars and W-olf Photoelectric with exports of 93.4 million U.S. dollars; 4 enterprises with exports of over 50 million U.S. dollars, including the above-mentioned enterprises and Henglong Group; as well as 20 enterprises with exports of over 10 million U.S. dollars.

In terms of industrial situation, Jingzhou's 18 chemical enterprises achieved total exports of 397 million U.S. dollars, which accounted for 36.3 percent of Jingzhou's total exports, declined significantly compared to the same period of the previous years and led to a great change to Jingzhou's export structure. The light industry & textile industry led by Haixing achieved substantial export growth on the Covid-19 outbreak this year, registered exports accounting for 31.3 percent of Jingzhou's total exports and made a decisive impact on Jingzhou's export structure. In the long run, the chemical industry is expected to achieve an export rebound. Jingzhou's electrochemical industry registered a plunge in exports, but key enterprises like W-olf Photoelectric, SJS, Rising and Jingfu maintained certain growth, their ways of maintaining markets and orders are worthy of being learned by relevant industrial enterprises. Jingzhou's agricultural product exports edged down, with mushroom, honey and seed exports growing, poultry egg exports basically even with last year and crayfish exports yet to recover.

Jingzhou's annual imports & exports are expected to reach 1.578 billion U.S. dollars with market recovery

In terms of market structure, Jingzhou's exports to Asia further recovered, down 7 percent year on year only; Jingzhou's exports to North America and other markets (Oceania, South America and Africa) recovered robustly, up 6 percent and up 7.7 percent year on year respectively in August. Jingzhou's exports to Europe recovered progressively, down 14.1 year on year in August, narrowing the month-on-month decrease by 2.4 percent.

In terms of market trend, Jingzhou's imports & exports are expected to continue recovering and reach 1.578 billion U.S. dollars annually, including exports of 1.38 billion U.S. dollars, up approximately 3 percent year on year. (Reporter: Wang Ziyao/Correspondent: Wei Jun)