In the first eight months of this year, Danyang's foreign trade delivered an impressive report card, with total imports and exports reaching 22 billion yuan, up 4.2% year on year.
Of that total, exports came to 20.23 billion yuan, up 5% year on year, while imports stood at 1.77 billion yuan.
Notably, monthly figures show that Danyang's foreign trade imports and exports stayed above 2.9 billion yuan for three consecutive months in June, July and August, pointing to a strong momentum of stabilization and recovery.
Trade structure: general trade dominates, private enterprises lead
In terms of trade methods, the foundation of Danyang's foreign trade remains very solid. In the first eight months, general trade imports and exports totaled 21.47 billion yuan, up 6.5% year on year, accounting for 97.6% of the total and holding an absolutely dominant position. Over the same period, processing trade imports and exports amounted to 440 million yuan, down 15.8% year on year.
Business entities: private enterprises continue to play the main role
By type of business entity, private enterprises continued to serve as the main force in foreign trade. In the first eight months, private enterprises' imports and exports reached 14.1 billion yuan, up 4.7% year on year, accounting for 64.1% of the city's total imports and exports over the same period. Meanwhile, foreign-invested enterprises recorded imports and exports of 7.9 billion yuan, up 3.2% year on year. The steady growth of private enterprises has injected strong momentum into keeping Danyang's foreign trade stable and improving its quality.
Market structure: emerging markets perform brilliantly, exports to Africa up nearly 60%
In terms of market structure, Danyang's foreign trade circle of friends has continued to expand, with emerging markets performing especially well. In the first eight months, the European Union, the United States and ASEAN remained the city's top three export markets. Exports to the European Union reached 3.61 billion yuan, up 17.5% year on year; exports to the United States totaled 3.38 billion yuan, up 8.4% year on year; and exports to ASEAN amounted to 3.04 billion yuan, up 8.3% year on year. While consolidating traditional markets, Danyang has actively developed emerging markets. Exports to Africa reached 870 million yuan, up 59.7% year on year, becoming a new highlight of the city's foreign trade exports.
Export commodities: traditional strengths remain steady, big health sector grows rapidly
In terms of export commodities, Danyang's traditional advantageous industries remained stable, while the big health industry grew relatively quickly. In the first eight months, hardware tools and metal processing, auto parts, and eyewear and optometry were the city's top three foreign trade industries, with imports and exports of 4.25 billion yuan, 4.04 billion yuan and 3.89 billion yuan respectively, up 11.9%, down 4.4% and up 4.5% year on year. Notably, the big health industry showed vigorous development vitality. In the first eight months, Danyang's big health industry recorded imports and exports of 1.88 billion yuan, up 23.3% year on year. Among these, exports of specialized medical equipment grew rapidly. Exports of ozone therapy devices, oxygen therapy devices, spray therapy devices and other such apparatus reached 480 million yuan, up 43.4% year on year, while exports of non-invasive ventilators totaled 110 million yuan, up 64.1% year on year, becoming a new engine driving the city's foreign trade growth.
Overall performance
Overall, in the first eight months, Danyang's foreign trade not only achieved steady growth in volume, but also made notable progress in structural optimization, market expansion and industrial upgrading, laying a solid foundation for keeping foreign trade stable and improving its quality for the full year.
Image from the internet
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