Skip to Content Facebook Feature Image

Western China's foreign trade value hits record high in Jan-May

China

China

China

Western China's foreign trade value hits record high in Jan-May

2026-06-18 13:16 Last Updated At:15:38

The total value of goods imports and exports in western China reached 2.06 trillion yuan (about 304.85 billion U.S. dollars) in the first five months of this year, up 18.5 percent year on year, setting a new record for the same period in history, according to Chengdu Customs in southwest China.

The figures represent double-digit growth for six consecutive months, contributing 11.7 percent to the national foreign trade growth during the same period.

Among them, exports totaled 1.3 trillion yuan, up 16.6 percent year on year, while imports reached 759.67 billion yuan, a year on year increase of 22 percent.

In the January-May period, a total of 39,000 companies in western China registered actual import and export performances, an increase of 18.5 percent year on year. Among them, 36,000 were private enterprises.

During the same period, western China's imports and exports to countries participating in the Belt and Road Initiative reached 1.3 trillion yuan, an increase of 18.2 percent year on year, accounting for over 60 percent of western China's total foreign trade.

Covering 72 percent of the country's land area and home to 27 percent of its population, western China comprises 12 provincial-level regions -- Chongqing, Sichuan, Guizhou, Yunnan, Xizang, Shaanxi, Gansu, Ningxia, Xinjiang, Inner Mongolia, Guangxi and Qinghai.

Western China's foreign trade value hits record high in Jan-May

Western China's foreign trade value hits record high in Jan-May

The three-day Qingdao Multinationals Summit concluded in Qingdao City, east China's Shandong Province, on Wednesday, with 57 key projects signed during the event.

The summit, in its 7th edition this year, featured multiple activities focusing on future industries, opening-up of service sector, and international economic and trade cooperation. Among the 57 signed projects, there were 20 invested by foreign entities, nine in the field foreign trade, and 15 related to modern services.

Centered on the theme "Multinationals and China: Advancing with the 15th Five-Year Plan for Innovation and Future", the summit attracted 357 Fortune Global 500 companies and leading enterprises from 44 countries and regions.

Expanding the opening-up of the services sector dominated the discussion at this year's summit, with representatives from government, business sector, and academia engaging in in-depth exchanges on policy measures and pilot programs in this regard.

57 key projects signed at 7th Qingdao Multinationals Summit

57 key projects signed at 7th Qingdao Multinationals Summit

Recommended Articles