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China’s Guizhou sees foreign trade up 20.6 pct in 2020

Abstract : Southwest China's Guizhou Province saw its foreign trade grow by 20.6 percent year on year to 54.65 billion yuan (about 8.43 billion U.S. dollars) in 2020, customs statistics showed.

GUIYANG, Jan. 28 (Xinhua) — Southwest China’s Guizhou Province saw
its foreign trade grow by 20.6 percent year on year to 54.65 billion
yuan (about 8.43 billion U.S. dollars) in 2020, customs statistics
showed.

Exports in the province increased by 31.9 percent to 43.16 billion
yuan, while total imports reached 11.49 billion yuan, a decrease of 8.9
percent year on year.

Private enterprises played a vital role in driving the province’s
foreign trade last year, contributing 35.53 billion yuan, 65 percent of
the total trade volume.

The Hong Kong Special Administrative Region was Guizhou’s largest
trading partner last year, with trade volume increasing by 62.4 percent
to 18.26 billion yuan. Guizhou’s trade with the Belt and Road countries
grew by 23.4 percent to 13.47 billion yuan last year.

According to the Guiyang customs in the provincial capital, local
specialties in Guizhou like tea, lighter and guitar were the major
export commodities last year. Guitars produced in Zheng’an County in the
province, one of the largest guitar production bases in the world, were
exported to more than 40 foreign countries and regions. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s Guizhou sees foreign trade up 20.6 pct in 2020

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