Xi'an sees foreign trade blast past 500b yuan from Jan-July

Xi'an's total import and export volume reached 544.85 billion yuan ($80.8 billion) from January to July, a year‑on‑year increase of 100.4 percent, far exceeding last year's total.

Exports amounted to 428.67 billion yuan, rising 126.4 percent. Imports stood at 116.17 billion yuan, up 40.8 percent.

The import‑export volume under processing trade stood at 391.26 billion yuan, surging 204.8 percent and accounting for 71.8 percent of the province's total. Imports and exports under general trade totaled 96.62 billion yuan, down 1.2 percent. The volume under bonded logistics stood at 49.41 billion yuan, a year‑on‑year increase of 47.1 percent, accounting for 9.1 percent of the total.

Imports and exports with ASEAN reached 138.61 billion yuan, up 212.3 percent, accounting for 25.4 percent of the province's total. Trade with South Korea stood at 117.83 billion yuan, surging 184.9 percent and making up 21.6 percent of the total.

Imports and exports with countries involved in the Belt and Road Initiative totaled 321.04 billion yuan, an increase of 118.6 percent, representing 21.6 percent of the province's total. Of this, trade with the five Central Asian countries hit 4.9 billion yuan, climbing 6 percent.

Imports and exports by foreign‑invested enterprises reached 420.49 billion yuan, rising 152.9 percent. Private enterprises posted import‑export volume of 110.69 billion yuan, an increase of 22.3 percent. State‑owned enterprises saw their foreign trade level out at 13 billion yuan, a drop of 2.4 percent.