Shanxi's Import and Export of Goods Increased by 5.9% in the First Ten Months

According to statistics from Taiyuan Customs, in the first ten months of this year, Shanxi Province's import and export of goods amounted to RMB 145.53 billion, representing a year-on-year increase of 5.9%, which was 0.7 percentage points higher than the national average growth rate. Among them, exports totaled RMB 89.49 billion, up 4.5%, and imports totaled RMB 56.04 billion, up 8.3%.

Among the main export products, solar cells, electrical equipment, coal, textile fabrics, and agricultural products were the main drivers of growth. In the first ten months, exports of electrical equipment amounted to RMB 2.18 billion, up 56.2%, and exports of agricultural products reached RMB 1.49 billion, up 43%. Solar cells, coal, and textile fabrics were exported for RMB 2.16 billion, RMB 780 million, and RMB 760 million respectively, with increases of 223.4%, 118.6%, and 76.8%.

Among the main import products, various metal ores, coal, soybeans, pulp, and cosmetics were major contributors to growth. Several key products exhibited strong import and export performance. In the first ten months, exports from emerging industries grew rapidly, with the "three new products" (lithium batteries, EVs, and solar cells) reaching RMB 2.75 billion, up 182.9%. Leading enterprises in key industrial chains exported high-end equipment worth RMB 1.27 billion, up 30.2%. New growth drivers have continuously infused fresh momentum into the development of foreign trade.

Source: Taiyuan Economic Daily