Xi'an Hi-tech Zone sees sharp surge in foreign trade

The total import and export volume of Xi'an High-tech Industries Development Zone reached 213.79 billion yuan ($31.56 billion) from January to April, a year-on-year increase of 105.1 percent. Both the trade volume and growth rate hit record highs for the same period.

This robust growth has boosted foreign trade across the province and the city. The zone accounted for 79 percent of the province's total imports and exports and 83 percent of the city's total, accounting for 69.9 and 74.4 percentage points of their respective foreign trade growth.

The processing trade import and export volume stood at 174.28 billion yuan, a year-on-year increase of 156.5 percent. Backed by a strong industrial foundation, key enterprises are accelerating the transition from traditional manufacturing to smart manufacturing.

The export product structure continues to improve, with an increasing share of high-tech and high value-added products. Exports of electromechanical products surged by 134.5 percent. Competitive products such as integrated circuits and electronic components saw growth in both volume and price.

Exports of lithium-ion batteries jumped by 215.4 percent, and photovoltaic products rose by 12.5 percent. The international competitiveness of green and low-carbon products has steadily increased.

The zone plans to optimize its business environment for foreign trade, sustain its growth momentum, upgrade trade structure, expand cooperation, and foster new driving forces, striving to achieve high-quality development of the regional export-oriented economy.