The first 11 months of this year, Hubei Province's foreign trade import and export value increased by 16.3%

December 08, 2022

December 9, the reporter learned from Wuhan Customs, from January to November this year, the total value of imports and exports in Hubei Province 564.66 billion yuan, an increase of 16.3% over the same period last year (the same below). Among them, exports of 383.91 billion yuan, an increase of 22.6%; imports of 180.75 billion yuan, an increase of 4.8%.
From the import and export mode, in the first 11 months of this year, Hubei Province in general trade import and export 428.87 billion yuan, an increase of 21.5%, accounting for 76% of the total import and export value of Hubei Province (the same below), compared with the same period last year to improve 3.2 percentage points. In addition, in the first November of this year, Hubei's total import and export to countries along the "Belt and Road" 173.31 billion yuan, an increase of 35.5%, 19.2 percentage points higher than the overall growth rate of Hubei's import and export during the same period, the growth rate is significantly higher than the overall.
Private enterprises are still the "main force" of Hubei Province's foreign trade, from January to November this year, private enterprises in Hubei Province import and export 354.01 billion yuan, an increase of 22%, accounting for 62.7%, the proportion of 2.9 percentage points higher than the same period last year, the first import and export body status more solid, the overall growth of Hubei Province's import and export contribution rate of the same period 80.7%. During the same period, state-owned enterprises import and export 114.17 billion yuan, foreign-invested enterprises import and export 95.88 billion yuan.
From the perspective of Hubei cities and states, Wuhan City, the proportion of imports and exports fell 5 percentage points over the same period last year, the rest of the 16 cities and states in addition to Xiantao, Shennongjia Forestry District, import and export are to maintain double-digit growth. Among them, Yichang, Huangshi, Xiangyang import and export value of more than 30 billion yuan, Jingzhou, Jingmen, Qianjiang, Ezhou and Enshizhou import and export growth rate of more than 50%.

In the first 11 months of this year, Hubei Province mainly exported electronic products and labor-intensive products. Among them, automobiles and spare parts, integrated circuit export growth, respectively, exports 18.6 billion, 12.23 billion yuan, an increase of 38.1%, 27.5%, exports of labor-intensive products 51.92 billion yuan, an increase of 2.5%, accounting for 13.5%.

Imports, the first November of this year, more than 70% of Hubei imports of industrial products, amounting to 127.59 billion yuan, accounting for 70.6% of the total value of imports into Hubei Province during the same period. At the same time, foreign trade imports of primary products are also more robust, copper ore, iron ore, crude oil imports increased by 17%, 56%, 31.2%, the value of imports increased by 7.7%, 19.4%, 91.4%.

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