In 2022, Xiamen's domestic and foreign trade achieved a good "report card".
Total retail sales of consumer goods increased by 3.1%, 3.3 percentage points higher than the national growth rate.
Foreign trade performed well.The total volume of the city's imports and exports reached 922.56 billion yuan, ranking the first in the province with an increase of 4.0% over the previous year.
Remarkable progress was made in opening up new markets, with imports and exports to BRICS countries and regions along the Belt and Road growing by 29.9 percent and 12 percent, respectively.
In 2022, Xiamen's foreign trade and import reached a record high of 922.56 billion yuan, up 4% year on year.Among them, the import was 456.82 billion yuan, up 0.1%, and the export was 465.74 billion yuan, up 8.2%.Moreover, the value of clothing exports alone accounted for USD 8.08 billion, making up a sizable proportion of the total foreign trade volume.
In December, the import and export volume of Xiamen was 83.45 billion yuan, up by 11.9%.Of this total, the import and export reached 39.84 billion yuan, up by 14.3 percent and 43.61 billion yuan, up by 9.9 percent.
Last year, private enterprises remained the largest foreign trade entity.The import and export of private enterprises in Xiamen was 371.43 billion yuan, up by 13.9%, accounting for 40.3% of the total value of Xiamen's foreign trade in the same period.
In 2022, Xiamen's imports and exports to ASEAN, the United States and the European Union reached 182.69 billion yuan, 124.54 billion yuan and 110.58 billion yuan, up 12.3%, 9.9% and 12.5% respectively, making Xiamen one of the top three trading partners.
In addition, China's imports and exports to countries along the Belt and Road Initiative reached 330.79 billion yuan, up by 12%.Imports and exports to BRICS countries reached 95.54 billion yuan, up 29.9%.
Xiamen, located on China's southeastern coast, has long been a major player in China's foreign trade industry.In 2023, the city's total foreign trade volume is expected to reach new heights, with clothing exports playing a significant role.
Experts predict that Xiamen's clothing exports will continue to see strong growth in 2022, driven by several factors.
First, the city is home to more than 3,000 clothing and textile companies, providing a solid foundation for the industry.
Second, Xiamen's location on the coast and its well-developed transportation infrastructure make it an ideal hub for shipping goods overseas.
In addition, Xiamen's extensive trade relations with countries along the Belt and Road Initiative (BRI) routes have helped to boost demand for its clothing exports.The BRI has created new opportunities for Xiamen to expand its trade ties with countries in Southeast Asia, Africa, and the Middle East.
With its favorable business environment, ample resources, and strategic location, Xiamen is poised to become a leading player in China's foreign trade industry.
Looking ahead, the city will continue to leverage its strengths to promote the development of its clothing export sector and drive its total foreign trade volume to even greater heights in the coming years.
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