From January to July, the total value of foreign trade imports and exports in Hubei Province exceeded 350 billion, and the import and export value in July hit a record high

Jimu Journalist Zhou Dan

Correspondent Shi Jingjing

On August 10, Jimu Journalists learned from Wuhan Customs that the total value of imports and exports in Hubei Province from January to July 2022 was 350.57 billion yuan, an increase of 21.7%over the same period last year (the same below). Among them, exports were 236.27 billion yuan, an increase of 31.3%; imports were 114.3 billion yuan, an increase of 5.8%.

In July, the total value of imports and exports in Hubei Province was 59.4 billion yuan, an increase of 40.6%, a record high. Among them, exports were 42.39 billion yuan, an increase of 48.9%; imports were 17.01 billion yuan, an increase of 23.3%.

Wuhan Customs Customs Officer Investigation in Foreign Trade Enterprises

The main characteristics of the foreign trade of Hubei Province from January to July of 2022 are:

The proportion of imports and exports in general trade is over 70 %. From January to July, Hubei Province imported and exported 263.4 billion yuan in general trade, an increase of 24.2%, accounting for 75.1%of the province's total foreign trade value (the same below). Among them, exports were 183.3 billion yuan, an increase of 33.4%; imports were 80.1 billion yuan, an increase of 7.2%. In addition, the import and export of processing trade was 42.19 billion yuan, an increase of 9.3%, accounting for 12%. The import and export of bonded logistics was 35.7 billion yuan, an increase of 38.1%, accounting for 10.2%.

The import and export values ​​of the top three markets have increased. From January to July, the top three trading partners in Hubei Province were ASEAN, the European Union, and the United States in turn. The bilateral trade values ​​were 52.67 billion, 42.9 billion, and 41.68 billion yuan, respectively, an increase of 32%, 12.7%, and 5.9%, respectively. In the same period, Hubei Province's 14 other member states for RCEP total imports and exports of 104.66 billion yuan, an increase of 19.5%, accounting for 29.9%of the total import and export value of the province during the same period. In addition, the total imports and exports to the countries along the “Belt and Road” were 98.38 billion yuan, an increase of 31.6%.

The growth rate of private enterprises is higher than the overall level. The role of private enterprises has further enhanced the role of stabilizing foreign trade. From January to July, the import and export of private enterprises in Hubei Province was 217.19 billion yuan, an increase of 30.6%, which was 8.9 percentage points higher than the overall import and export of import and export in the province, accounting for the total value of the total import and export of the province during the same period. 62%, an increase of 4.2 percentage points in the same period last year. During the same period, the import and export of state -owned enterprises was 70.77 billion yuan, an increase of 9.9%, accounting for 20.2%. The import and export of foreign -invested enterprises was 6.22 billion yuan, an increase of 9.8%, accounting for 17.7%.

Wuhan has contributed outstandingly, and the proportion of other cities and states has increased. From January to July, Wuhan is still an important assistance for the growth of foreign trade in the province. Wuhan's foreign trade imports and exports were 207.02 billion yuan, an increase of 15.2%, accounting for 59.1%of the total import and export value of the province during the same period, and the contribution to the growth and export growth of the province was 43.7%. The total import and export value of other cities and states accounted for 40.9%of the total import and export value of Hubei Province during the same period, accounting for 3.3 percentage points in the same period last year. In addition to Wuhan, the import and export values ​​of 14 cities and states have maintained growth. Among them, Jingmen, Jingzhou, and Qianjiang have grown rapidly, with an increase of 70.3%, 52.9%, and 83.5%, respectively.

The export proportion of mechanical and electrical products accounted for nearly 50 %, and the exports of basic organic chemicals and electric carrier vehicles were growing rapidly. From January to July, Hubei Provincial Mechanical and Electrical Products exported 115.56 billion yuan, an increase of 21.3%, accounting for 48.9%of the province's total export value. Among them, electronic components, automatic data processing equipment and its parts and mobile phones were exported to 16.77 billion, 14.67 billion, and 13.92 billion yuan, respectively, accounting for 7.1%, 6.2%, and 5.9%, respectively. In addition, labor -intensive products and steel are the second and third largest export products in Hubei Province. The increase of 8.5%and 174%, respectively, accounting for 13.4%and 6.8%of the province's total export value, respectively. During the same period, from the perspective of specific products, the exports of basic organic chemicals and electric carrier vehicles were growing rapidly, and the export values ​​increased by 75.1%and 188.6%, respectively.

Integrated circuits are the largest imported goods, and the total contribution of the total import growth of metal ore and crude oil reached 106.1%. From January to July, the imported integrated circuit of Hubei Province was 23.74 billion yuan, an increase of 22.3%, accounting for 20.8%of the total import value of Hubei Province during the same period. It is the largest imported product in Hubei Province. During the same period, the imported metal ore, mineral sand, and crude oil were 15.94 billion yuan and 6 billion yuan, respectively, accounting for 13.9%and 5.2%of the total imports of the province, respectively, an increase of 29.6%and 100.1%, respectively. The contribution rate of imported growth is 106.1%.

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