Liaoning Products Sold Well Overseas in First Four Months
May 24,2023

Since the beginning of this year, the foreign trade of Liaoning Province has maintained a stable and positive trend. Data shows that in the first four months, Liaoning’s foreign trade reached a total import and export value of 248.91 billion yuan, a year-on-year increase of 3%. Among them, exports amounted to 115.56 billion yuan, an increase of 9.6%, and imports amounted to 133.35 billion yuan, a decrease of 2.1%. In April, the total import and export value of Liaoning’s goods trade was 60.02 billion yuan, an increase of 1%. Among them, exports amounted to 29.47 billion yuan, up by 14.5%, and imports amounted to 30.55 billion yuan, down by 9.3%.

In terms of trade methods, in the first four months, Liaoning’s general trade method accounted for 69.4% of the total import and export value during the same period (hereafter omitted), remaining flat year-on-year, with a total of 172.67 billion yuan. The processing trade method accounted for 21.2%, with a total of 52.72 billion yuan, an increase of 19.7%.

In terms of enterprise types, private enterprises continued to maintain their position as the largest foreign trade operator, with an import and export value of 115.25 billion yuan, an increase of 11.9%, accounting for 46.3%, which is 3.7% higher than the same period last year. Foreign-invested enterprises’ imports and exports were 91.58 billion yuan, down by 2.2%, accounting for 36.8%; state-owned enterprises’ imports and exports were 41.66 billion yuan, down by 6.4%, accounting for 16.7%.

In terms of major trading partners, in the first four months of this year, Liaoning had the most imports and exports with the European Union, reaching 39.15 billion yuan, accounting for 15.7%. Japan, ASEAN, and Saudi Arabia followed, with import and export growth rates of 3.5%, 14%, and 45.4%, respectively. Liaoning’s imports and exports with Russia increased the most, reaching 94.6%. During the same period, Liaoning’s imports and exports with countries along the Belt and Road totaled 95.44 billion yuan, an increase of 18.5%, and imports and exports with RCEP trading partners amounted to 83.36 billion yuan, an increase of 1.7%.

In terms of export products, electromechanical products had the highest export rate, reaching 59.1 billion yuan, an increase of 13.6%, accounting for 51.1% of Liaoning’s total exports during the same period. Among them, integrated circuits were the most exported product, reaching 6.45 billion yuan, while electrical equipment and automotive parts both saw double-digit growth, and the export of electric vehicles increased the most, reaching 73.7%. During the same period, exports of steel and agricultural products grew rapidly, increasing by 38.4% and 34%, respectively.

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