According to statistics from Fuzhou and Xiamen Customs, in the first 11 months, Fujian’s imports and exports to ASEAN amounted to 406.31 billion yuan, a year-on-year increase of 9.1%, accounting for 22.4% of the province’s total imports and exports during the same period, and the import and export value hit a record high during the same period. ASEAN continues to maintain its position as Fujian’s largest trading partner. Among them, exports amounted to 257.42 billion yuan, a year-on-year increase of 12.9%; imports amounted to 148.89 billion yuan, a year-on-year increase of 3.1%.
Private enterprises are full of vitality, and the role of “main engine” of foreign trade continues to play. In the first 11 months, private enterprises in Fujian Province imported and exported 263.61 billion yuan to ASEAN, a year-on-year increase of 15%, accounting for 64.9% of the province’s total imports and exports to ASEAN during the same period. During the same period, state-owned enterprises imported and exported 90.34 billion yuan, and foreign-invested enterprises imported and exported 52.32 billion yuan.
Data shows that Indonesia, Malaysia and Vietnam are the main countries in Fujian Province’s trade with ASEAN. In the first 11 months, Fujian Province’s imports and exports to them were 116.31 billion yuan, 78.4 billion yuan and 61.72 billion yuan respectively, accounting for 63.1% of the total imports and exports of the province to ASEAN in the same period. Trade with Singapore and Laos has increased significantly. In the first 11 months, Fujian Province’s imports and exports to them were 44.83 billion yuan and 1.08 billion yuan respectively, up 69.1% and 1.5 times year-on-year respectively.
The continued growth in energy demand has pushed energy products to become Fujian Province’s largest import commodity. In the first 11 months, Fujian Province imported 54.05 billion yuan of energy products from ASEAN, up 18.3% year-on-year, accounting for 36.3% of the total imports from ASEAN in the same period. Among them, imported coal and lignite were 30.88 billion yuan, accounting for 20.7%; imported crude oil was 13.46 billion yuan, a substantial increase of 2.8 times year-on-year.
Mechanical and electrical products and labor-intensive products are the main export commodities. In the first 11 months, Fujian Province exported 88.7 billion yuan of mechanical and electrical products to ASEAN, a year-on-year increase of 13.5%, accounting for 34.5% of the province’s total exports to ASEAN during the same period; among them, the export values of flat panel display modules, lamps, lighting devices and their parts, and general machinery and equipment were 5.29 billion yuan, 3.69 billion yuan, and 3.63 billion yuan, respectively, up 54.5%, 36.7%, and 13.5% year-on-year. During the same period, the export of labor-intensive products was 73.63 billion yuan, a year-on-year increase of 6.7%, accounting for 28.6%; mainly textiles and clothing and plastic products, with exports of 40.26 billion yuan and 14.79 billion yuan, respectively, up 6% and 36.1% year-on-year.