Liaoning Sees an 8.1% Rise in Exports in First Quarter
Apr 19,2023

According to Shenyang Customs statistics, the merchandise trade in Liaoning has a stable start in the first quarter of this year. Its total value of imports and exports concludes with 188.96 billion yuan, showing a year-on-year increase of 3.7% (the same applies to the following), which accounts for 1.9% of the total value of imports and exports in China. Among them, the value of exports reaches 86.11 billion yuan, representing an increase of 8.1%, while the value of imports reaches 102.85 billion yuan, representing an increase of 0.3%.

In terms of trade patterns, the value of imports and exports in Liaoning Province through general trade amounts to 131.19 billion yuan, a slight decrease of 0.5%, accounting for 69.4% of the total value of imports and exports in Liaoning (the same applies to the following). And the value of imports and exports through processing trade increases by 25.2% to 40.33 billion yuan, accounting for 21.3% of its total value of imports and exports, and showing 3.7% higher than the same period last year.

In terms of business entities, the number of enterprises with imports and exports performance in Liaoning has steadily increased to 11,015, a year-on-year increase of 1.2%. There are 9,047 privately-owned companies playing a more active role in import and export businesses, making an increase of 2.2%. Their total value of imports and exports amounts to 89.97 billion yuan, representing an increase of 12.2%, which accounts for 47.6% of the total value of imports and exports in Liaoning (the same applies to the following). This proportion is 3.6% higher than the same period last year. Besides, the value of imports and exports by foreign-invested and state-owned enterprises is 68.4 billion yuan and 30.27 billion yuan, accounting for 36.2% and 16% of the total value of imports and exports in Liaoning Province respectively.

In terms of trading partners, the value of imports and exports in Liaoning Province with the European Union declines by 6.4% to 29.21 billion yuan, which accounts for 15.5% of its total value of imports and exports. The value of imports and exports with Japan grows by 0.4% to 22.64 billion yuan, while that with the ASEAN countries (10 countries) grows by 23.6% to 17.3 billion yuan, and with Saudi Arabia, it grows by 71% to 15.29 billion yuan. And the value of imports and exports with the United States declines by 20.7% to 13.65 billion yuan, and that with South Korea declines by 12.5% to 13.49 billion yuan. With Russia, it grows by 63.2% to 11.13 billion yuan. Over the same period, the value of imports and exports in Liaoning with countries along the Belt and Road amounts to 76.39 billion yuan, representing an increase of 25.3%, while that with other RCEP member countries amounts to 63.02 billion yuan, representing an increase of 1.1%.

In terms of export products, Liaoning has seen a 13% rise in its exports of Electro-mechanical products with a value of exports of 44.86 billion yuan, which accounts for 52.1% of its total value of exports during the same period. New competitive products such as electric vehicles, lithium batteries, and solar batteries accomplish a combined value of exports of 3.34 billion yuan, with a cumulative increase of 38.2%. The value of exports of auto parts and accessories amounts to 3.25 billion yuan with an increase of 14.7%. Simultaneously, the value of exports of labor-intensive products declines by 12% to 7.28 billion yuan; among them, the value of exports of textiles and clothing declines by 6.5% to 5.23 billion yuan. In addition, the value of exports of steel amounts to 8.5 billion yuan, representing an increase of 35.7%, while the value of exports of agricultural products amounts to 7.75 billion yuan, representing an increase of 35.2%.

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