CHONGQING — Southwest China’s Chongqing Municipality saw its foreign trade exceed 343.8 billion yuan (about 51.4 billion U.S. dollars) in the first five months of 2022, an increase of 12.9 percent year on year, the city’s customs authorities said Friday.

Of the total, exports rose 19.5 percent year on year to nearly 226.2 billion yuan, while imports gained 2.1 percent to nearly 117.7 billion yuan.

The import and export of foreign-invested enterprises and domestic private companies remained vigorous. From January to May, the import and export of foreign-invested enterprises in Chongqing reached 161.6 billion yuan, up 12.4 percent year on year. The import and export of private enterprises reached 154.1 billion yuan, up 17.2 percent year on year.

During this period, Chongqing’s foreign trade with the Association of Southeast Asian Nations, the European Union, and the United States stood at 55.1 billion yuan, 50.7 billion yuan, and 46.6 billion yuan respectively, up 11.2 percent, 8.2 percent, and 3.9 percent from the previous year.

Meanwhile, the municipality’s trade with countries along the Belt and Road reached 94.5 billion yuan with a year-on-year increase of 14.4 percent. Its trade with other members of the Regional Comprehensive Economic Partnership grew by 12.5 percent year on year to 107.6 billion yuan.

Originally published by Xinhua