In terms of foreign trade, the imports and exports of Nantong to traditional markets and new emerging partners have a similar growth.

By Wu Xiaoyun

According to the latest statistics from Nantong Customs, from January to November 2024, the foreign trade import and export of Nantong reached 349.5 billion yuan, ranking 4th in Jiangsu continuously, and there is a year-on-year increase of 10.4%, which accounts for 6.9% of the total import and export value of Jiangsu. Among them, the export value is 227.88 billion yuan, and there is an increase of 9.8%; the import value is 121.62 billion yuan, and there is an increase of 11.6%. The increase rates of import and export, export and import are all above the average numbers of China and Jiangsu.

In November 2024, the import and export value of Nantong reached 31.12 billion yuan, and remained above 30 billion yuan for 5 consecutive months. There is a year-on-year increase of 6.9% and it increased for 5 consecutive months.

In terms of foreign trade, the imports and exports of Nantong to traditional markets and new emerging partners have a similar growth. From January to November, the total import and export value with traditional markets such as the United States, Europe and Japan was 135.89 billion yuan, and there is an increase of 4.9%, which accounts for 38.9% of the total foreign trade of Nantong. New emerging market development has been promoted continuously. Among them, the import and export value to Brazil is 23.6 billion yuan, there is a significant increase of 66.3%; the import and export value to Russia is 17.73 billion yuan, and there is an increase of 12.4%.

Exports of advantageous products continue to have a buoyant cycle. From January to November 2024, the export value of textile and clothing increased 5.6%, the export valus of containers and integrated circuits increased 16.9% and 62.9% respectively. The export value of ships increased 8.7%. The export values of organic chemicals and sports goods increased 15.1% and 13.7% respectively.

Imports of bulk commodities, some industrial materials and equipment have shown strong performance. From January to November 2024, the import values of natural gas, mechanical and electrical products, integrated circuits, semi-conductor equipment, measurement and testing instruments, paper pulp, and cotton increased 11.2%, 21.6%, 41.8%, 83.1%, 11%, 60.2% and 43.6% respectively.