The reporter learned from the Jingzhou Municipal Bureau of Commerce on July 24 that in the first half of the year, the total import and export volume of the city hit RMB 9.32 billion, a year-on-year increase of 44.9%; exports reached RMB 8.14 billion, a year-on-year increase of 44.3%; imports amounted to RMB 1.18 billion, a year-on-year increase of 49.3%.

From January to April, the export growth rate of Jingzhou’s chemical industry reached 50.8%, and Jianghan New Materials and Yimante performed well, with growth rates of 114.9% and 423.4% respectively. Asia remained as the main market of export, with exports to the continent totaling USD 350 million, an increase of 51.5%. Among them, exports to Regional Comprehensive Economic Partnership (RCEP) increased by 78.7%, and exports to South Korea, Japan and ASEAN increased by 110%, 83.9% and 80.9% respectively.

In terms of cultivating entities, from January to April, there were 22 enterprises whose exports exceeded USD 10 million. Among them, the import and export of Hubei Jianghan New Materials Co., Ltd., Hubei W-OLF Photoelectric Technology Co., Ltd., Adama, Nenter, Shine Star, Yimante, Valeo and Hang Lung exceeded USD 30 million. By the end of April, there had been 28 new export-open and zero-breaking enterprises, including 23 export-open enterprises and 5 zero-breaking enterprises. The total import and export volume of new export-open enterprises reached USD 43.6 million. In terms of processing trade, from January to April, the total amount of processing trade reached USD 91.67 million, an increase of 98.3%, and the number of processing trade enterprises reached 18. 

A person-in-charge with the Jingzhou Municipal Bureau of Commerce said that Jingzhou saw a substantial increase in import and export in the first half of the year, mainly because of the effective cultivation of market entities, sound development of processing trade, active exploration of the international market and abundant foreign trade potential. The Bureau will continue to cultivate market entities, accelerate the declaration of the comprehensive bonded area and the construction of the processing trade industrial park, help enterprises increase market channels and actively dock with RCEP. It is planned that the total import and export volume will exceed RMB 18 billion by the end of this year, with an increase of 25.1%.