Xiamen's foreign trade value to RCEP hits record high
According to Xiamen Customs, the city's import and export value to Regional Comprehensive Economic Partnership member countries in August alone reached 28.78 billion yuan ($4.45 billion), a record high.
Statistics show that from January to August, Xiamen's import and export value to RCEP member countries in January-August period totaled 200.65 billion yuan, up 24.6 percent year-on-year. Imports were worth 128.62 billion yuan, soaring 37.5 percent year-on-year, while exports amounted to 72.03 billion yuan, up 6.8 percent year-on-year.
In the January-August period, imports and exports by the city's State-owned companies to RCEP member countries soared 30.4 percent from the previous year to 81.1 billion yuan while that of foreign-invested companies and private companies amounted to 61.84 billion yuan and 57.67 billion yuan respectively, up 22.1 percent and 20.3 percent year-on-year.
Metal ore and ore sand, mechanical and electrical products, and agricultural products were the main imported commodities in the first eight months of this year, which accounted for a total of 63.1 percent of the total value of imports.
During the same period, mechanical and electrical products and labor-intensive products were the main export products of Xiamen to RCEP members, accounting for 68.4 percent of the total export value.