Significant Increase in Trade between Guangxi Port Enterprises and ASEAN Increased by 26.8% from the Same Period of Last Year

The relevant departments in Guangxi learned that since the beginning of this year, foreign enterprises have experienced rapid growth in the import and export trade between Guangxi ports and ASEAN, which is an increase of 26.8% compared with the same period of last year. Among them, the variety and quantity of chemical products accounted for the bulk.
Statistics show that in the first three quarters of this year, foreign enterprises imported and exported 524 million U.S. dollars from the ASEAN countries through the Guangxi port, an increase of 26.8% over the same period of the previous year. Of which, the import of 137 million US dollars, an increase of 36.1%; exports of 387 million US dollars, an increase of 23.8%.
According to reports, off-site companies are mainly distributed in Beijing, Shanghai, Zhejiang, Guangdong, Yunnan, Guizhou, Sichuan, and Chongqing (municipalities); trade countries are mainly Vietnam, Indonesia, Singapore, and Thailand, and the import and export trade of these four countries Both have significant growth; major trading commodities include fertilizers, coal, asphalt, vegetable oils, petroleum, and tin ingots. Off-site enterprises mostly choose Guangxi's Beihai, Fangcheng, Pingxiang and Qinzhou ports to carry out import and export trade with ASEAN.
Industry insiders predict that due to the influence of the 2nd China-ASEAN Expo, this year's trade volume between China's enterprises and ASEAN countries is likely to double compared to last year. China's chemical companies are expected to take this opportunity to accelerate their development.

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