According to customs statistics, Jingzhou City's total import and export value reached 7.15 billion RMB in the first quarter of 2025, a year-on-year (YoY) increase of 46.2%. This also marks the first time this value has surpassed 7 billion RMB for the corresponding historical period.
A closer examination of trade patterns reveals the following: General trade accounted for a substantial portion of Jingzhou's foreign trade activity, with imports and exports increasing by over 40% and representing more than 90% of total trade. In Q1 2024, the total value of imports and exports under general trade amounted to ¥6.5 billion, a 46.8% increase and accounting for 91% of total trade. Processing trade, on the other hand, contributed ¥630 million, a 39.2% increase and representing 8.9% of total trade.
In terms of enterprise ownership, private enterprises served as the primary drivers of foreign trade growth, while foreign-invested enterprises (FIEs) exhibited particularly strong growth rates. During the first quarter, private enterprises in Jingzhou recorded a total import and export value of ¥4.6 billion, a 28.4% increase and representing 64.4% of the city's total foreign trade. Concurrently, FIEs achieved a total import and export value of ¥2.06 billion, a remarkable 71% increase.
Analyzing trade relationships with key partners highlights robust growth in imports and exports to ASEAN, the European Union, and Brazil, as well as steady growth to the United States. In Q1 2024, total imports and exports to ASEAN reached ¥1.5 billion, representing a substantial increase of 108.3%. Similarly, trade with the European Union amounted to ¥1.1 billion, a 71.5% increase, while trade with Brazil reached ¥920 million, a 96% increase. Trade with the United States also experienced positive momentum, reaching ¥1.03 billion, a 19.1% increase. These aforementioned countries and regions collectively accounted for 63.6% of Jingzhou's total foreign trade volume.
An analysis of commodity trade reveals that the primary export products were machinery and electrical products, alongside labor-intensive goods, while the main import categories consisted of machinery and electrical products and agricultural products. During the first quarter, the total export value of Jingzhou’s machinery and electrical products reached ¥2.27 billion, a 29.5% increase. Exports of labor-intensive products totaled ¥800 million, a 5.6% increase. Concurrently, the import value of machinery and electrical products amounted to ¥810 million, representing a significant increase of 163.7%. Imports of agricultural products totaled ¥340 million, a tenfold increase.