In the first half of the year, Xiangfan’s export growth was strong

Hubei News, August 7 (Hou Wanyong and Zhang Fengling) Xiangfan’s foreign trade exports continued to grow during the first half of this year. From June to June, the city’s exports reached US$135 million, up 50% year-on-year.

Dongfeng Cummins is a key foreign trade export enterprise in Xiangfan City. Since the beginning of this year, the company has actively participated in the international division of Cummins parts procurement, and has completed export delivery tasks for engine parts such as 4B and 6B cylinders, cylinder heads and connecting rods. From June to June, the total export volume increased more than doubled from the same period of last year. This year, the proportion of mechanical and electrical products in Xiangfan City's export products has increased significantly. In the first half of the year, the city’s electromechanical products achieved foreign exchange earnings of USD 50.21 million, a year-on-year increase of 69.3%.

In addition, various trading entities in Xiangfan City have maintained a growth trend. The production enterprises have completed export volume of US$67.47 million. Foreign-funded enterprises and foreign trade enterprises have exported a relatively large amount, which is an increase of 71.7% and 69.7% respectively year-on-year. Compared with previous years, the pattern of foreign trade export market in Xiangfan City changed greatly in the first half of this year. India has become the largest trade partner in Xiangfan City and the main export commodities are mechanical and electrical products and bedding.

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